Is the housing market picking up steam?

According to the stats from December 2010 the housing market is picking up some momentum.

Existing-home sales rose sharply in December, when sales increased for the fifth time in the past six months, according to the National Association of REALTORS®.

Existing-home sales1, which are completed transactions that include single-family, townhomes, condominiums and co-ops, rose 12.3 percent to a seasonally adjusted annual rate of 5.28 million in December from an upwardly revised 4.70 million in November, but remain 2.9 percent below the 5.44 million pace in December 2009.
Read the full article on REALTOR.com
It does feel from people that I have been talking to that optimism is creeping in. Buyers are becoming more confident. Could this officially be a ‘good time to buy’?
Posted in Marta Walsh, North Scottsdale Real Estate | Tagged , | Leave a comment

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