Real Estate Sales Are Up

Market Conditions; Realty Times

New-home sales rose in September, largely on the strength of a 22.7-percent increase in sales activity in the West, the National Association of Home Builders reports. However, NAHB chief economist David Seiders says demand for housing remains fundamentally weak and the slumping housing market continues to have a negative impact on the financial markets and the overall economy. “Without question, an additional economic stimulus package–including substantial measures to spur home buying and limit foreclosures–is necessary to support home prices, stabilize financial markets and limit the severity of recession,” according to Seiders.

There are a variety of Cedar City homes to choose from giving anyone moving into the area plenty of styles and sizes to choose from.

This entry was posted on Wednesday, November 12th, 2008 at 12:49 pm and is filed under Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.