North Fulton Housing Market Update | Real Estate Update for North Fulton | Economic and Housing Market Update | Johns Creek Real Estate News
By Maria Livingston- Sherry Ajluni - Alpharetta, Cumming, Johns Creek Realtor
(Keller Williams Realty)
As we all know, the media highlights the down side of the news. So I would like to provide you with some positive economic news! This information has been talked about but, again the media chooses to down-play this information. The value of the dollar is increasing against the Euro. Gas prices have been falling and may continue for another 15 cents or more. The economy grew 1.9% during our second quarter 2008, even with a slight increase in inflation. During July 2008, Barrons wrote very positively about the real estate market. Resale home sales are showing a tentative sign of increase with a near end to the plunge in prices. Inventories fell in May to a 10.8 month supply, down from April's 11.2 month supply. Even our Treasury Secretary Henry Paulson noted in July that the h...