Real Estate and Property Investing:Wow New-Home Sales
Article Summary:
Real Estate and Property Investing Strategies that work in today’s market using transactional funding, private money and proof of funds letter to profit with short sales and bank owned properties.I was just over at CNBC.com (one of my favorite news sites if you couldn’t tell) and they had a pretty interesting article up showing that new homes had a huge spike in sales, largest in 9 years. WOW. I was pretty shocked when I actually looked at the numbers, 11% is pretty
Article Content:
I was just over at CNBC.com (one of my favorite news sites if you couldn’t tell) and they had a pretty interesting article up showing that new homes had a huge spike in sales, largest in 9 years. WOW. I was pretty shocked when I actually looked at the numbers, 11% is pretty incredible.
A lot of people in the know will be saying this is the sign of a turn around but I don’t think so. I still think we have a lot of foreclosures and a lot of homes that people are waiting to sell. In the end I think we have a year before prices turn around.
Check out the CNBC article here.