23. January 2012 09:22
On January 19, the RI Association of Realtors issued a press release that single family homes sold in December (2011) increased 19% from a year ago. This was the 6th consecutive month of year over year increases! Pending sales (homes that are under contract but not yet closed), rose 17% from the year before.
Incredibly low interest rates, increased affordability and buyer demand are all given as reasons for the increase.
Having lived through the endless consumer retail sales reports of the "holidays", beginning on Black Friday and ending just before the new year, I think the "attitude" of the public is more upbeat, more hopeful, and more willing to spend than in years past.
So much of what we each do is motivated by how we "feel" and then what we say to each other in conversation about our "feelings"........ so I rejoice in this upbeat January 19 report.
Spread the word. There is good real estate news. Let's keep it going.