Housing Prices Drop While Sales Increase and Rents Rise

4bedroom This sounds like a market working perfectly. While the rest of the media is clamoring about the real estate market experiencing its biggest drop in home prices in 35 years, the smart money was watching 2 other statistics. Rental prices are rising very quickly and homes are selling at a higher rate than was to be expected.

So it sounds like a market that was oversold is correcting and demand is building up. To read more about how housing market economics work and more on todays housing announcement, go to the Real Estate Bloggers for the rest.

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Comments

One Response to “Housing Prices Drop While Sales Increase and Rents Rise”

Leo on October 27th, 2006 2:40 pm

Markets never do what you need for them to do when you need for them to do it. When you want to buy a house, and have plenty of money to do it markets are always at a top. When you want to sell you can’t give it a way. Plus everybody else is trying to sell theirs at the same time.

In other words I am not as sanguine about markets as you are.

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