What another day for the market. New housing starts were released and according to Reuters, new starts surged 22% in February which is the largest in 18 years. Could this be a positive step from the stimulus plan? It is too early to tell!
Stores like Home Depot and Lowes are helped the Dow Jones make a strong gain. Here in Winter Park, the "remodel" business is doing fairly well. Sellers are sprucing up their units so that their unit will shine over the competition.
Total inventory has dropped in in the last month in Grand County which is another positive sign. Maybe we are on the path for recovery! Stay tuned.
Winter Park Partners
Coldwell Banker Mountain Properties
Winter Park CO
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