From the archive, 2013. Rates, prices and market conditions described here are as they stood then. Treat the numbers as history, and the reasoning as the part that lasts.
Three sets of new numbers came out this week and the jump in building permits in some areas could be the most encouraging.
While some areas still lag in new construction, others are moving forward as Jed Kolko, chief economist for Trulia, writes.
“NAR reported the fifth straight monthly drop in pending home sales. Wednesday Census reported a big jump in new building permits, to the highest level in 5 years, and Case-Shiller reported the largest month-over-month increase in home prices since April. What should we make of these mixed signals?” Kolko says.
Sales, permits and prices are the three ingredients now at work. Read the full story here.
Filed under Market & Trends
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