Home Sales Gains Seen

According to this article in the Wall Street Journal, economist have high expectations that the residential market will pick up in the spring.

JANUARY 13, 2011

ORLANDO, Fla.—Housing economists expect the troubled residential market to begin picking up in 2011, with low mortgage rates and bargain home prices boosting sales in the spring selling season.

The economists, who delivered their forecasts on a panel at the National Association of Home Builders’ annual meeting here, noted the market remains extremely weak, prices are still falling, and they don’t expect any recovery to be robust. But they said a number of recent economic indicators have convinced them that housing sales, which have stalled lately, could soon begin to recover.

~ the rest of the article ~

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About Debbie Robinson, REALTOR®

Selling Real Estate in Northeast Georgia from Braselton to Lake Hartwell since 1997. Graduated from the University of Georgia in 1980.
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