I guess someone alerted the media that the real estate market is turning the corner. Here are a few links to articles from our local paper this week.
http://staugustine.com/stories/072909/nation_1795321.shtml
http://staugustine.com/stories/072809/nation_1792741.shtml
We've also read positive news in USA Today and NY Times. USA Today reports that home prices actually rose 0.5% from April to May at the national level. Hopefully this positivity from the local and national media will reinforce people's faith in real estate.
Locally, we've seen a rise in transactions for the past few months and at Premier we've been up year-over-year for each month since April. We continue to be cautiously optimistic that the market here in St. Augustine is turning the corner and our projection board for the next two months justifies that optimism.
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