According to Kenneth Harney, managing director of the National Real Estate Development Center, the latest numbers continue to indicate a sustained rebound of the real estate market. There are lots of reasons to be optimistic.
In the building segment, which had been one of the hardest hit in real estate over the past couple of years, starts and permits are at their highest levels in 10 months. Home sales in general are rising, even in some of the markets that had been the hardest hit in previous years. Mortgage money became less costly last week, and loan applications for home purchases jumped four percent- which is the third week in a row with higher numbers of applications.
In other words, it’s a great time for real estate!
You can check out Kenneth Harney’s article at: http://realtytimes.com/rtpages/20090825_realestateoutlook.htm
