Played golf a couple of weeks ago with a couple of my builder friends that are still building and we commented on its been too long since we last played. We all looked at each other and almost simultaneously said the same thing, “Man I’m Busy.”
http://www.foxbusiness.com/industries/2011/06/29/pending-home-sales-jump-in-may/?test=MM
I used the phrase “There is a whole lotta want right now,” last year in an interview for the Charlotte Observer. I’ve been saying it ever since, but with no real results to measure the validity of that statement.
The news of real estate sales in the attached link to Fox News may be the first real sign I have seen that validates my
statement. I still think the mechanics of the banks and the economy will keep out numbers more flatlined for the foreseeable future.
Going back to the golfing story, we all felt like a decent turn for the better was surely around the corner. I recently have sold five homes, another three, and the vendor salesman had seen bids rise nearly 45%.
Construction has always been the first tell tale sign of a recovery. Not saying were there yet, but certainly good signs like this put a smile on our faces.
Thanks for reading,
Eric
