Only Good News For Malibu Real Estate

by ritasimpson on March 27, 2012

in How's The Market

With Bernanke’s resolve on keeping rates low, the Federal Reserve’s policy of easy money will continue to support the recovery of the job market and consequently the housing market. Americans are buying more homes this year than in 2011. The pending home sales, which many economists see as an indicator of future housing activity was up 9.2% nationally in February. In Malibu ┬áthat index was up by 206%. In 2011 during the same period we had 45 sales, in the same period this year we have 62 sold and 31 pending a total of 93 with an increase of the ratio of Sold Price to List Price from 85.44% in 2011 to 90.91% this year, a strong indication that Malibu Real Estate is performing well .

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