Feb 24, 2011
Well signs of improvements continue, despite what the media reports, we have seen a steady increase in both new home sales and existing homes. As rates are starting to rise, and no dont panic they are still really good low 5's, the fence sitters have come out. We are seeing more buyers with funds buying up they have ealized their house is not going to sell for as much but they are not paying as much for the new one either. Yes the media still reports how bad the market is and yes placeslike Detroit, Ohio, Florida, Las Vegas, are having issues yet but York is still moving along and real estate is still a great investment.