While the increased activity we’ve seen in the Edmond real estate market is exciting, there are more indications that this upturn may reach beyond our local, and even regional, economies.
According to MSN, “New U.S. home sales jumped in June by the largest amount in more than eight years as buyers took advantage of bargain prices, low interest rates and a federal tax credit for first-time homeowners.”
The real upside to this news is that it specifically speaks to the recently-lagging new construction side of residential real estate which, of course, creates many jobs. If new home sales strengthen, that will likely equate to an even stronger appreciation in existing homes.
About Ryan Hukill
