Triangle Business Today

Housing slump not quite over

Posted August 26, 2009 12:24 p.m. EDT
Updated July 13, 2018 1:43 p.m. EDT

Existing home sales had their biggest jump in over a year, rising 7.2 percent in July and 5 percent in June according to the National Association of Realtors.

This data has given economists and other market participants a level of confidence not seen in quite some time. So, the question at hand is: Is the housing slump OVER and are we on a road to recovery?

About this Blog:

Jeremy Salemson, CEO of Corporate Investors Mortgage Group, blogs about economic trends and data and their impact on Triangle business. Each week, he interviews a Triangle-area business leader for a personal look at the local economy.