Important metric up for 2nd straight month
With local home sales tanking for 2 straight months and taking single family home prices lower the real estate market has us asking many questions. Last week in this column we asked if this reversal in fortunes was a normal market correction or a big deal. Since then the stock market has been very volatile with concerns over the overall economy and interest rates dipped back down touching the 4.0% mark for the first time since June of last year. Interesting times indeed as we have officially kicked off the 2014-2015 season here in paradise.
With local home sales tanking for 2 straight months and taking single family home prices lower the real estate market has us asking many questions. Last week in this column we asked if this reversal in fortunes was a normal market correction or a big deal. Since then the stock market has been very volatile with concerns over the overall economy and interest rates dipped back down touching the 4.0% mark for the first time since June of last year. Interesting times indeed as we have officially kicked off the 2014-2015 season here in paradise.
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