There have been a couple recent reports regarding national home sales.

• Existing Homes Sales declined significantly from November to December as the Federal Tax Incentive ended
• Compared to December 2008, national home sales increased 15%.
• Sale prices increased 1.5% from last December
• Standard and Poors released their Case Shiller Index for November
• The attached chart shows that pricing seem to be stabilizing
• Nationally prices are now at late 2003 levels

In our view, most of this news is modestly positive. For details, contact us.