According to the National Association of Realtors the housing market fared better than expected. There wasn’t a gain in the market, but it didn’t decline as far as some had projected. Financial analyst thought there would be a a 3% drop, although only a slight improvement, it is encouraging in such a shakey market.

The housing market is finding itself in a more stable spot not partly because there are so many bargains to be had. For example a condo in South Florida is on the market for $64,000, this is only $1,000 more than it was originally sold for back in 1984.

This entry was posted on Tuesday, December 9th, 2008 at 3:21 pm and is filed under Foreclosure. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.