June Numbers are Down
I feel like a broken record, always talking about how home prices are going up, but also going down, but also kind of the same. I guess this track on the record doesn’t really make a lot of sense.
Take the June figures for example. Sales fell for another month, but are still a lot higher than June of last year. (The only exception is the Northeast where sales are up 7.9% from May.)
And what’s responsible for the dipping and rising of these stats? Most experts claim that the tax credit (yeah, I know, broken record again) artificially inflated sales. But that previous months’ records do not indicate any kind of recovery.
And others think that what we’re seeing isn’t any kind of backlash. Instead it’s just normal summer trends. But you can see the recover by comparing this year to last year.
So which is it? What do you think?
And it’s not like it really makes that much of a difference. Consider this: the housing inventory increased. That’s right, more homes came on the market than were bought. So whether there’s a recovery or not, things aren’t yet balancing out.
How are we going to handle this news? Are we going to go out there and take advantage of the opportunities facing us? How many of you are sitting there thinking you’d like to be doing more?
Well, do it! If there is a recovery coming, then get moving now! I’ll keep the news coming, but you’re the one who has to do something with it.
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