Saturday, February 12, 2011

Home Sales Spike in January

Believe it or not, I still have people asking questions like, "are homes even selling?" When I hear that, I usually have to disguise my disapproval as curiosity, and then I reply to the question with a question of my own, like, "Have you been listening to the news again?"

The media has done such a good job of painting the financial meltdown as a disaster of irreparable damage- "we won't be out of this mess for an eternity," I even heard one commentator claim. Unfortunately, they don't like to report good news, but, in this case, they did.

The existing home sales for Harford County increased by 55% in January, 2011, over January 2010. Part of this is due to BRAC, but not all. There are homes being purchased by people who have been in this area for years, but have chosen- whether because of interest rates being so low or due to the fact that home prices have nosedived over the past few years- that this is the right time to buy.