The real estate market continues its divided course and there’s no better example than existing home sales: According to the National Association of Realtors transaction volume in May increased 4.9 percent when compared with April — but were down 5.0 percent when compared with May 2013.
The grim reality is that when experts talk about an improving market and other, equally-qualified, authority figures suggest that the marketplace remains fragile they’re both right. As we have explained before what we are seeing is marketplace segmentation, something you can see in two ways:
via Why Real Estate Prices Soar — And Fall — At The Same Time – OurBroker : OurBroker.