Business Picks Up Where Prices Have Tumbled
Sales are picking up in markets where prices are deflated, but the
business is different than it was before the bubble burst, observers say.
The housing market in deflated markets, like Florida, are beginning to show
signs of a rebound. Analysts say that prices have fallen to the point that
those with average salaries can afford to buy once again.
"The buyers are returning," says Lawrence Yun, National Association of
Realtors chief economist. "And in such a strong way that, now, we are
hearing in some cases there is multiple bidding, which hints that maybe
pricing is reaching a bottom point.
Posted: 16 December 2008
Source: The Christian Science Monitor
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