The following San Jose Mercury News Article reports on a significant increase in home sales after 2 months of declining sales. It also reports on a decrease in new jobless claims. The data is on a national level. For Danville Real Estate we are seeing much the same with overall sales and prices up from just a year earlier. An interesting note regarding data for January and February is that although total sales were declining we were, and still are, experiencing very low inventory. I contend that the lower numbers in January and February were more due to the lack of acceptable homes on the market and not a sign of buyer indifference. We are now seeing short sales beingapproved in higher numbers and with less drama. This should help move properties quicker and result in higher sales through the summer months.
Home sales rise as unemployment claims fall – San Jo
se Mercury News.
