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2012-01-24 10:52:04
Housing Market This Spring Could Be Best In Years!

Housing Market This Spring Could Be Best In Years!
What Do You Think?




 The Housing market finally shows signs on hitting ROCK BOTTOM! It looks as if there is no where else to go now but up. The turtle can't stay on his back forever!!

The facts are these:

Distressed Sales are now 32% of the market.

ALL cash buyer are 31%

There was an INCREASE in home sales in December.  Can you think of the last time the housing sales INCREASED in December? (never)

The supply of homes overall has dropped from 11 months to 6.2 months.

CNBC's Diana Olik points out the other side of the optimistic view: 6,000,000.

That's the number of homes currently being held in the banks shadow inventory.  Some may think for the housing market to truly turn the corner we must clear out that inventory.  

I am personally always inclined to take the positive view point, there is ALWAYS light at the end of the tunnel. What do you think?
 
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