Real Estate……..Good News???
It is true….November was a great month for home sales. Could this be a sign of the housing market on the rebound. Not quite, but its not far away. I think the numbers reflected in November’s report were only indicative of a quick drop in interest rates. However, I do think its a sign that the housing market could easily be healthy by Summer ‘07.
Northwest Arkansas’ numbers appear to be improving as well. More importantly than number of sales, I believe the health of our market is better understood by looking at the new inventory. I have seen a drastic drop in new inventory over the past several weeks. Repeat this….Recude inventory, improve quality of life. These two measures combined will mean good things for NWA ‘07.
Looking forward to our live podcast tomorrow at Niccoli’s in Bentonville. We hope to see you all there!
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