Small improvements in the economy are becoming more and more noticeable across the country. Along with the continued improvements, no matter how modest, is the rise in home buyers. With home prices being at an all time affordability rate many people who are in a position to buy are buying homes. This does not mean that the sales levels are back to normal by any means.
According to a recent article in Realty Times, the country is not stable throughout. In the Northeast, home sales rose by 1.8%, which was still 6.2% lower than November of 2009. The West seems to be chugging along nicely with an increase of 18.2%! This was less than 1% below what the sales were in the previous year. It appears to be almost back to normal, whatever that is.
The southern part of the states and the Midwest both are still in a downward spiral. The South is down 1.8% and the Midwest is down by 4.2% – which amounts to 7.7% lower than the stats in 2009.