Yahoo! The number of homes sold nationwide in February reversed a 6-month string of declines. In fact, existing home sales went up by a good 2.9% (for the year, that equates to 5.03 million housing units!).
Despite this nice little turnaround in the home sales trend, economists with the National Association of Realtors (NAR) are still keeping their eyes on the second half of this year when signficant recovery is expected.
What will fuel that recovery nationwide and here in the Denver and Parker metro market?
Many say much of this recover will be due to:
- Higher loan limits
- Monetary and fiscal stimulus packages
- Continued price declines due to the natural housing market corrections
What do you think? Feel free to post your comments here.