The latest news blurb calls for a “possible double dip” in home sales based upon the fact that the number of pending home sale was down in November. Less pending home sales around the holidays is normal. The buyers are finished with the holidays, interest rates are still low, and homes continue to sell very quickly. The news of a “possible double dip” is absurd. Homes priced competitively along side the foreclosure homes sell in less that thirty days. Homes go pending in as few as 5 days. The demand is strong and price point homes sell quickly to first time home buyers and to real estate investors.
