Signs Of Recovery Are Out There

Finally some good news coming out of the housing market.

From CNN Money New home sales: ‘Really good news’

The Wall Street Journal Home Prices Rise Across U.S.

NPR’s All Things Considered Housing Market Shows Some Signs Of Recovery

NPR’s piece has this quote:

Anita Shishmanian is a real estate agent who just sold a condo in the town of Belmont, Mass., outside Boston. This time last year, she would hold an open house and it was like she was at a funeral for somebody with no friends or relatives — it was just quiet and kind of depressing. But over the course of this spring she has watched that change.

“I had one not so long ago — [a] single family home and had an open house and was swamped with buyers — real swamped,” she says. “At the end of the day I had something like five offers come in. I certainly do sense a turn.”

I mention this, because we’re seeing the same thing here in the East Bay. Multiple offers on our listings is the norm again. Today an office mate remarked that “It’s like 2005 all over again” & while he wasn’t totally serious, it does sort of seem like it.

That being said, it’s definitely not all roses out there, but it’s nice to hear some good news every once in a while

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