More good news for housing!

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These articles were recently released. It’s a breath of fresh air to see good news about the housing market! …

“Sales of newly built U.S. single-family homes rose in July to their fastest pace in 10 months. The reports offered fresh evidence that the worst recession since the Great Depression of the 1930s has probably ended or is close to ending.” Read Article on Reuters

“U.S. New Home Sales Jump 9.6%, Most in Four Years. The gain in sales, together with rising purchases of existing homes and steadying prices, indicate the housing slump may be ending.” Read Article on Bloomberg

“A 3.8 percent jump for the month in San Francisco and a 2.6 percent rise in Boston; the industrial Midwest, with Cleveland prices up 4.2 percent; and even the epicenter of the crash, the Sun Belt, with Phoenix homes up 1.1 percent. Eighteen of the 20 cities tracked by Standard & Poor’s Case-Shiller Home Price Index showed improvement in June, up from eight in May, four in April and only one in March.” Read Article on NY Times

“U.S. Stocks Advance as New-Home Sales Surge More Than Forecast.” Read Article on Bloomberg

All signs indicate that we’re on the verge of an upswing in the housing market. Don’t miss out on this once in a lifetime opportunity. Access deals for pennies on the dollar while prices are still at all-time lows by starting your free trial today at www.myhousedeals.com/freetrial.

Until next time, happy (and profitable) investing!

Doug

Doug Smith

Author: Doug Smith

MyHouseDeals was founded in April of 2005 and has since provided information on thousands of bargain-priced properties with over $7 Billion in equity (and growing!) In addition to property lists, we help investors succeed by providing valuable tools, resources and education. Most of the properties on MyHouseDeals are single-family houses. Many of these properties are wholesale deals, which are for sale by other investors. Others are motivated seller leads, which are for sale by homeowners who are often in a bad situation. These properties are typically discounted by far greater amounts than bank foreclosures.

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Categories Real Estate Investing