The Real Deal Miami

Encouraging signs in U.S. housing market

April 19, 2011 11:03AM

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RE/MAX CEO Margaret Kelly

The national housing market showed several strong signs last month, with
home sales increasing by double digits in 53 of 54 markets surveyed in
RE/MAX’s National Housing Report. “It’s encouraging to see that home
sales are rising at a faster pace than we would normally see this time
of year, and they’re doing so without any artificial stimulus,” said
RE/MAX CEO Margaret Kelly. “If sales continue at this pace into the
traditional spring and summer buying season, we would expect to see
prices follow as well.” New York was the only metro area in the country
not to see double-digit growth, though it still increased 8 percent over
February. Compared to March 2010, overall sales activity remained 8.2
percent lower, however, nationally. TRD