Saturday, June 13, 2009

Bright spot in the housing industry

Interesting piece on NPR that I recommend, here's just a bit of it:

Like many other parts of the country, the Quad Cities region has weathered some tough patches in the housing market. But Realtor Caroline Ruhl says during March and April, her company sold nearly a third more homes than it did a year ago. She attributes the jump in part to pent-up demand after six months of inactivity.

These days, about half of the homes sold in the country are foreclosed or distressed properties. That's not the case in the Quad Cities, where, despite the economic downturn, the combined 6.4 percent unemployment rate is below the national average of 9.4 percent.

No comments: