New stats on the housing turnaround

As everyone knows, the real estate market across the country has been in the doldrums for the past 12 to 15 months, and this has affected our market in the Vail Valley. The financial industry, which we desperately need for new mortgages, has failed us and sent the economy into a tail spin. We have seen a drop in both sales volume and in number of transactions in every segment of the real estate market. Today we are all looking for the bottom of this drop in volume, which would allow Buyers to step back in and shore up the market. The latest figures we have from February seem to indicate we may be seeing that turnaround.