Blue Christmas?

Will the holidays end up being blue for real estate? In the fall there were some signs that holiday real estate sales might see some nice growth. However, initial numbers indicate that new home sales took a sharp drop in November. Things may rebound in December but that is doubtful considering historic trends for December real estate sales. Still there are indicators that say the real estate market could be setting itself for a nice rebound in 2010 and beyond, but these recent numbers won't help that theory.

Earlier in the month I shared that things looked good for holiday sales, but that was before the November numbers were released. Now we all must wait for the new year and hope that it brings a fresh optimism for the market.