The latest report from NWMLS notes the housing market is doing “surprisingly well” without a stimulus. NWMLS director OB Jacobi says, “Considering that this time last year there was a rush of buyers trying to beat the tax credit deadline, to have the number of sales off just slightly points towards a strengthening market.”
A comparison to two years ago reveals a double digit jump in pending sales and area-wide, the volume is up nearly 33 percent from 5701 pending sales in March of 2009 to 7570 pending sales for March 2011. “The glass is starting to look more half full than half empty,” Jacobi comments.
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