Bloomberg – 6 Year US Housing Slump Bottoms
Bloomberg is declaring the bottoming of the US housing market after a six year slump and the worst since the 1930′s.
An economist from Moody’s has stated that new and existing home sales are now off the bottom. News from the Commerce Department is also looking up with new home sales up 7.5% in March from a year earlier.
More important is consumer confidence and a report yesterday showing that housing can only go up and jobs are easier to find.
The most positive point is that the trends we have been seeing in the Washington DC real estate market for a while are now being realized on the national level.
Read the full Bloomberg Story On The Bottoming of US Housing Market
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