What’s this? Good news in the housing industry?
With home prices at their lowest in four years, the Commerce Department reported today that home sales rose 2.7 percent in September. That’s compared to the August rate.
In the Midwest, however, the news isn’t as cheery. Sales dropped 5.8% in September, compared to August, and are down nearly 38% from a year ago.
Local Realtor and blogger Teresa Boardman has a post up today, however, that suggests things may not be as grim as we’ve come to believe.
About the blogger
Bob Collins has been with Minnesota Public Radio since 1992, emigrating to Minnesota from Massachusetts. He was senior editor of news in the ’90s, ran MPR’s political unit, created the MPR News regional website, invented the popular Select A Candidate, started several blogs, and every day laments that his Minnesota Fantasy Legislature project never caught on.
NewsCut is a blog featuring observations about the news. It provides a forum for an online discussion and debate about events that might not typically make the front page. NewsCut posts are not news stories.