advertisement
Posted inBusiness

Expert sees reasons for optimismin housing market

A national report that sales of existing homes rose in September signals an encouraging trend and suggests that housing prices are stabilizing, one of the country’s top real estate forecasters said at a housing conference Monday.

“The fact that it went up is very good news, because everyone thought it was going to go down,” said Karl Case, co-creator of the Case-Shiller Home Price Index.
country’s top real estate forecasters said at a housing conference Monday.

Case was in Maine for the state’s annual Affordable Housing Conference. His visit coincided with Monday’s release of the monthly home sales figures from the National Association of Realtors. They showed sales last month up 10 percent, an annual rate of 4.5 million.