Housing indexes all bending up!

  • Nearly 10% more existing homes were sold in May than in the same month a year earlier.
  • The inventory of existing homes for sale has fallen close to the normal level of six months’ worth despite all the foreclosed homes that lenders own.
  • The fraction of homes that are vacant is at its lowest level since 2006.

I hope people get tired of renting, and try to purchase a home. It has been about 3 years, and people who have foreclosed can try again. You cannot ask for a better time to buy than now; 3% loans, low prices, and school will be starting soon. Buyers better hurry.