CARPE DIEM: April Real Estate Blowout?

In what might be looked upon as a major turning point for the U.S. real estate market, April is shaping up to be one of the best months in years for home sales.? Based on news reports for April sales that have been released in the last few week, there are now at least 20 21 22 23 24 25 26 metro markets that have reported double-digit gains in either the number of homes sold, or median home prices, or in some cases, both.? See the list here.

The full national report for existing-home sales in April will be released next Wednesday by the National Association of Realtors, and the early sales data that covers most parts of the country predicts a very positive April sales report for both homes sold and median home prices. Until then, I'll continue to follow and report on metro area home sales, as those reports become available. ? ?

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