Monday, August 17, 2009

Mixed Signal

Earlier this summer, when this sign went up on a site in Ellicott City, it advertised new single family homes “from the $450’s.”

About a month later the sign was modified to read “from the $460’s.”

Last week it was changed to “from the $470’s.”

Though it is somewhat encouraging for the local economy to see the prices going back up there is a mixed signal here. Since this sign went up no new homes in this community have actually started construction.


Bob O said...

Could this be a good sign?