http://www.realst8.com/market-conditions/status-of-the-south-bend-housing-market-080107/ Real Estate and Area Information for South Bend, Mishawaka, Granger and Notre Dame, Indiana Wed, 01 Feb 2012 07:56:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 http://www.realst8.com/market-conditions/status-of-the-south-bend-housing-market-080107/comment-page-1/#comment-22418 NDtom Wed, 01 Aug 2007 18:01:39 +0000 http://www.realst8.crankpin.com/market-conditions/status-of-the-south-bend-housing-market-080107/#comment-22418 Compared to 2005 and 2006, unit sales reported through the MLS are still down 22% for the year. The July numbers were hopeful, but it may be that the sharp reduction in June was carried over some sales into July which made July look better since June was awful when compared to 2005 and 2006. I think we'll have to wait for the August and September numbers to really see if the market is picking back up. I continue to believe that the first half of 2008 will be a buyer's market with that probably continuing through the rest of 2008. Without an interest rate cut, inventories will continue to be high. Compared to 2005 and 2006, unit sales reported through the MLS are still down 22% for the year. The July numbers were hopeful, but it may be that the sharp reduction in June was carried over some sales into July which made July look better since June was awful when compared to 2005 and 2006. I think we’ll have to wait for the August and September numbers to really see if the market is picking back up. I continue to believe that the first half of 2008 will be a buyer’s market with that probably continuing through the rest of 2008. Without an interest rate cut, inventories will continue to be high.

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