Posted on 04/22/2008 10:28:37 AM PDT by Redmen4ever
Conforming home prices appear to have taken a surprising jump in February, according to data released Tuesday morning by the Office of Federal Housing Enterprise Oversight...
(Excerpt) Read more at housingwire.com ...
Lots of problems with this report ... only 1 month, trying to summarize wide disparities in housing markets, and trying to adjust for seasonal variation in housing prices.
BUT ... for what it is ... this is good news. We still have about 10 months of supply on the market, as compared to a normal amount of maybe 5 or 6 months. But, possibly, maybe, we're seeing the housing market touch bottom.
Oh, this is a govt. provieded stat. Never mind.....
You are exactly right.
House prices are higher than ever in this region. Many houses are for sale but it seems none are being bought. Everybody seems to be betting on the Gas Pipeline, which is fine if they can hang on another decade. If a military base is closed, the town would shut down anyway.
Good point.
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