The Weekly Housing Market Report for Dix Hills, Melville, Half Hollow Hills School District indicates that 4 houses were entered under contract and 19 Homes came on the market/
This week we heard some news that we’ve all been waiting for. “You’re seeing little rays of hope and positive stories in different sectors,” said Jim Dunigan, managing executive of investments for PNC Wealth Management. Also… Bloomberg.com reports that based on a First American CoreLogic Report, “More than three years since the market began correcting, inventories are flattening, prices are coming back down to earth, and sales are approaching stability.”
Reporting on price increases in some housing markets, Reuters news service ran a piece quoting Moody’s Economy.com stating, “Despite the darkening national economic outlook and the weak conditions in the housing market, some positive signs give hope that a bottom in the housing market is coming into view,” the report said, written by the group’s chief economist. Hopefully these reports are signs of things to come.