August 29, 2011
We received in our email today the daily news from Banker and Tradesman. The two lead headlines read:
1) Bay State New Construction Permits Up In January
Permits for new home construction in Massachusetts rose 44 percent year-over-year in January, according to numbers from the U.S. Census Bureau.
2) Existing Home Sales Unexpectedly Plunge In January
Sales of previously owned homes nationwide unexpectedly plunged in January, an industry survey showed on Friday, fresh evidence the housing market has yet to find stable ground.
Two conflicting reports that suggest that the direction of the real estate market is still ultimately unclear.