While the real estate market is still not healthy, signs indicate that we may finally have seen the bottom, and the market is actually starting to recover. According to an article in SBC Magazine, new home sales increased by 9.7% in November 2011 from a year earlier, after sales saw an 8.9% decline in October from the year earlier. There was also an increase year-over-year in the average mortgage size on newly sold homes. Combined with steady (if slow) decreases in unemployment numbers, and year-over-year job growth that is finally in the black, we are hopeful that the economy has begun trending in the right direction.
Regardless of what the economy is doing, BelRed will continue to provide exceptional value to our customers, and to find ways to make the comfort, health, safety, and efficiency of their homes affordable.
