We are zeroing in on the bottom

The December new home sales statistics for the country are showing better the expected growth in sale price and number of units sold. The emphasis is coming from the western states, which of course had among the largest of corrections. The Northeast tends to lag behind trends such as this, but nonetheless, the west seems to be an indicator of what may come next. Here is an article that discusses these statistics and observations. U.S. New Home Sales Rise 17.5% Amid Jump In Western Saleshttp://www.rttnews.com/Content/AllEconomicNews.aspx?Id=1536246&SM=1

Is 2011 the year of the vacation home comeback

The Wall Street Journal recently reported that vacation home purchases are on the rise. In the regions covered by Select Sotheby’s International Realty, a similar trend has been witnessed. Smart money buyers are coming forward indicating that buyers seem to feel that the pricing bottom is near or upon us. Please read the following article:http://online.wsj.com/article/SB20001424052748704482704576071984006994652.html