Sales Velocity!

Optimism is seeping its way back to the market.  Today stocks soared after news of an improving housing market and the finalization of the Treasury plan to buy toxic assets.  With housing it was really a sign that sales have picked up.  In fact it was the biggest month to month gain since July of 2003.  The percentage gain was much higher than expected.  For a quick reference to these statistics I have included a few articles below:

 http://biz.yahoo.com/ap/090323/wall_street.html
http://www.cnbc.com/id/29836718

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About the Author

I'm a real estate advisor, investor and amateur blogger. I'm the Owner/Founder of Urban IMG, UrbanCondoSpaces.com as well as an associate broker at Windermere Yarrow Bay in Kirkland Washington.

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