July Market Numbers Indicate Economy Recovery
Posted by Monte Davis on
Each month, Realtor.com compiles listing information across 146 markets. The numbers provide a good blood pressure check of what's going on in the industry based purely on consumer behavior. As investors, we have to keep our eye on economic indicators relevant to our market. The July figures indicate several positive trends I want to highlight.
First, sales of existing homes are up. That's always a good sign. People buy when they have confidence in their financial position as it relates to the broader economy. Especially as we enter the presidential election season, the fact that buyers are willing to take on a mortgage -- and that they can qualify for that financing -- is an indicator of national economic recovery. (We also have to remember that…
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