a little New Year Cheer here for the western housing market, where sales volume was up 10% from October to November. That’s pretty consistent with what we’re seeing on the ground. I expect December’s numbers (which we won’t get until late January) to be even better.
You’ll have to read down to the seventh paragraph to find the news, though, because financial markets care a lot more about the northeast than the west. And, well, bad news sells.
But the news here isn’t bad. There are houses starting to move, especially in lower price ranges, below $250,000. There’s even decent activity in the higher ranges, and I expect spring to bring more of that. So help is on the way.
Hope you had a wonderful Christmas. I’ll have more to say about that in the week here.