Custom stone counter tops. Professional grade stainless steel appliances. High end bath renovations worthy of a five star spa. Although luxurious upgrades appeal to homeowners, the surplus of homes on the market has changed the focus of many buyers, who seem less impressed with high end features than in recent years.
Yesterday, the Chicago Tribune published an article entitled Sunny Sign in Home Resales that highlights the recent rise in existing home sales reported for November. As the article reported, the increase came as a surprise to experts. Why is this? Frankly, it’s because many of the experts have been overly “doom and gloom” in their outlook these last few months. Predictions of mayhem have been ringing in the air for so long that even good news such as this, supported by non-disputed sales figures, is still dismissed by half the experts, who can’t explain it, but still claim they’re not convinced we are on the road to recovery. What follows will shed some light on the reasons why some people aren’t ready to admit that the current situation isn’t as bad as they’ve been projecting.
You are currently browsing the archives for the home resales topic.
Subscribe now to Lender Lowdown, an email-based newsletter keeping consumers up-to-date on mortgage news and rates.
