December ’09 best ever for home sales

Hard to believe that we were or are in a recession when you hear reports like this one in the media.   It’s easy to say that this market is interest rate driven…. there’s a lot of truth to that, but there must also be some level of consumer confidence… confidence in having a job, being able to pay the mortgage…   We’ll have to watch and see how the Feds will view these numbers…

Remember, inflation will surely cause the government to raise rates.. up til now, no inflation concerns… Personally, I think it was partly driven by pent-up buyer demand…the market was much slower than normal in September, October and November…  we’ll be watching and reporting…stay tuned..