Pending home sales haven't looked this good in two years and actual closed sales are looking good too. The stock market is coming back and the countries exports are rising faster than our imports.
Things can still trip up our recovery. The inventory is finally ready to go down but some home owners and banks with foreclosures may have been waiting for things to turn around to put their homes on the market. There is also the possibility that the deficit could mean higher mortgage rates. Not to mention job losses are not over and will keep the foreclosures coming.
There is still reason to be positive with inventories currently going down and prices stabilizing, it might just be the turn around we are all waiting for. Then, the jobs will come back.
http://www.realtor.org/rmonews_and_commentary/economy/0910_economy_salesup
PLEASE CHECK OUT OUR WEBSITE http//:www.TonyandLibby.com & OUR NEW PORTLAND METRO BLOG AT http//:www.TonyandLibby.blogspot.com & pdxrealtynews.com (make sure you leave comments)
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Tony and Libby Kelly, MBA, M.Ed. are the NUMBER ONE listing agents in Tigard, OR & ranked in the Top 1% for Portland Metro. They were featured on HGTV's "HOUSE HUNTERS" (3 Episodes) & "MY HOUSE IS WOR
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