NAR released its pending home sales index figure last week, and for the second month in a row, the index is up. What's more, the index has broken 100. That's significant because the only other time the index has hit 100 in recent years is when the home buyer tax credit was available. "It is the natural, organic power of great affordability [...]
Released yesterday, December 29th, 2011, is the 2012 Economic and Housing Outlook from NAR Chief Economist Lawrence Yun. The full 15 slide PowerPoint looks at economic indicators such as existing home sales, new home sales, housing starts, GDP, payroll jobs and more.
Economic Report
BY TOM KELLY, WEDNESDAY, DECEMBER 14, 2011.
It is so nice to see the Village come back alive since the flood that devastated so many shops and homes. Ann Brauer quilts is opened and has relocated across Bridge Street next to the iron bridge. JH Sherburne Framery is now open and ready for your business. The West End Pub is back and a new antique shop/bakery is opening next door to our office on Bridge Street. [...]
By Lawrence Yun, NAR Chief Economist
These are strange times we live in. The economy has officially and statistically been out of recession for two years. Still, consumer confidence (as measured by The Conference Board) is at or near its lowest point ever. Consumer inflation - as reported by the Bureau of Labor [...]
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