Leonard Zumpano
Leonard Zumpano
ahead although january last pace represents sales year
Although this represents a significant decline, the sales pace in January is still ahead of last year at this time, and 2005 was a record-breaking year for Alabama.
across appears beginning declining downward exert factors falling home housing increase locations move number pressure prices sector slowing steady
Thought seasonable factors may be part of the explanation for falling prices and declining home sales, it appears that the housing sector is slowing down as we move into 2006. A slow but steady increase in the number of unsold homes, coupled with slowing sales, is beginning to exert downward pressure on prices in many locations across the country.
although buyers coming decline entire good health historical home housing increases market prices remains sales slow standards steep unlikely whether year
Whether January's steep decline in home sales foretells a slow housing market for the entire year remains to be seen. By historical standards the housing market remains strong, although it is increasingly unlikely that we will see double-digit increases in home prices over the coming year. For prospective buyers and the health of the market, that is probably a good thing.