We don't get to hear a lot of good news regarding housing right now, so I always love to bring the one to bring it to you! If you're willing to work hard enough and look hard enough....you will find good news!!!!
While new home sales are still very weak, they are expected to begin a slow rebound next quarter. Fitch Ratings and the National Association of Home Builders point out that sales are likely to pick up slowly as customers come back into the market and as new home sales continue to compete against existing homes and foreclosed homes.
Fitch estimates that new home sales for 2009 will be down about 30%, with the worst comparisons being in the first half of the year and then picking up.
"This is a very tentative expectation of something close to a 20% increase next year off of this cyclical low. But it's still early in the game," said Bob Curran, managing director of corporate finance and lead homebuilding analyst at Fitch Ratings.
Come on folks! Now's the time to buy or sell!!! I do it every single day for my clients!!!!!
Make it a great day!!!
Teena