There is plenty of negative publicity about the housing market in the press, however get this statistic: in May resale home purchases were up 2% and condo sales were up 5.5% nationwide. How about this: in the MidWest and Northeast, home sales are up even higher at 5.5% and 4.6% respectively.

Perhaps not such a gloomy outlook after all? Realty Times has the news!

After all, real estate markets are local!

In some of the hardest hit markets - Sarasota Florida for instance which has rumours last year of real estate losing around 27% of its market value compared to previous years, it posting an increase in activity. Sections of the country which did not see so much of the boom a few years ago are now seeing a floody of activity.

This has tied in nicely with a slight dip in mortgage rates which is a reverse of recent trends in rates which have been on the increase. Additionally personal consumption - an indicator which is usually used to measure the general health of the economy rose by 4 tenths of a percent which is brilliant news.

If you would like to purchase a home in the Sedona Arizona as now is the time to buy! Please contact Claudia Ault for professional Real Estate advice and assistance.

You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.