NEW HOUSING STARTS UP 3.6% IN JUNE

Commerce Department announced new homes and apartments increased by 3.6%. This is great news coming from Washington DC. Rumor has it that the real estate market is starting to dig itself out of the hole. Really? We have a far way to go until that happens. We have not declared the bottom of the real estate. Some markets are still decreasing in price. New home permits to build residential homes increased by 8.7% in June. Both of these projections were a surprise to everyone in the market. Many believe because of low rates and the $8,000 tax credit were the main contributors for this successful month.

What are you seeing out there? Love to hear your input

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Feel free to listen to my Radio Show to learn more about the phoenix real estate market, new trends, and the latest opportunities.  The Real Estate and Beyond Radio Show Airs every Saturday from Noon-2:00pm on Conservative Newstalk KKNT 960am in Phoenix, Arizona.  You can listent to past shows, or stream on-line.

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