Is Housing Market Recovering from the Bottom Up?
By Admin
An article in the blog Calculated Risk commented on a Wall Street Journal Article, “From the Bottom Up, Signs of a Housing Recovery.” The article refers to strong buying among lower priced homes in the New York market. We sampled the low end Kitsap Market to see whether it looks like we might be seeing a recovery from the bottom up. Note that the recovery we speak of is an increase in the number of sales, not an increase in prices. Above is number of sales each month in the Kitsap market for 2011 in the under $200k market and the $200-300k market. Trends are hard to discern, but it looks like we might be on to something.
See article at http://www.calculatedriskblog.com/2012/01/qotd-housing-markets-get-healthy-from.html
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