Housing Statistics & Some Good Tips
The article below has a bunch of great charts showing the supply of homes in certain price ranges, the number of foreclosures selling, and the percentage of homes that sold that are affordable based on the median income. It is very interesting.
Of course the lower price homes are selling much faster, $200,000 and less, but I was very surprised by how well the higher end homes are doing. Although the article states the sales of higher end homes are still ugly, the chart doesn’t look too bad for homes in the $500,000 to $1 million range.
There are also some good tips for buyers and sellers.