Is the housing slump over? -, Albany News, Weather, Sports

Is the housing slump over?

December 27, 2006

Albany --  The government reports that sales of new homes rose 4.3% in November. Here in Albany, sales didn't increase, but Debbie Fulford with Walden and Kirkland realty says that's probably just because of the holidays.

"We didn't see an increase in new home sales in November, but if we look back historically, our real estate market usually slows in the last quarter," said Fulford.

Just because sales were slow at the end of the year, doesn't mean it was a bad year for home sales. 

2005 was a record breaking year for home sales in Albany, and when final numbers are in next week, it's likely that this year will match, if not exceed last year.