Nationally – Housing Still Soft…..
October 03, 2014 – Economics Group Weekly Economic & Financial Commentary
“The housing market is the one area of the economy that continues to struggle and shows few signs of a strong recovery. Pending home sales fell 1.0 percent in August, bringing them 4.1 percent lower than a year ago. Relatively weak demand has held back a stronger recovery in new and existing home sales, which led to a 0.5 percent decline in the S&P/Case-Shiller U.S. Composite 20 City Index, the third straight month of declines. Construction spending also fell in August, and although the largest losses were felt in the nonresidential category, residential construction remains relatively subdued on a year ago bassis.”
Locally in Bonner County, we still see growing strength in many segments and we’ll positioned properties continue to sell.