A report released last week by the National Association of Realtors suggests the housing market for 2011 may be a lot better than previously expected. Existing home sales are up again, and investment in new construction stock is up as well. With jobs and other variables stabilizing, it seems as if the overall outlook is very positive for 2011.
Archives for December 2010
No region was more seriously affected by the recession than the deep South. Despite bank failures and foreclosures though, one city appears ready to emerge from economic disaster better than before perhaps. Savannah, Georgia is a good case study in how the market levels itself. The supply and price of properties there have apparently caused a turn around now. Real estate listings for Savannah reveal much about what could mean the revival of a once booming industry.
With all the bad real estate news afoot these last couple of years, it’s about time for record price news isn’t it? Well a few New York City real estate deals signal good times for some at least. Curbed just released its 20 most expensive list and it does indeed look as if things around Central Park are looking up. 20 Homes at over $20 million, that’s not bad broker pickings.