A recent article out by Rismedia indicates there are a few indicators showing there is some improvement in our housing market - although regionally.
- 15% increase in September housing starts
- Increase in mortgage applications
I think it would be safe to say, with regards to our local Metro Atlanta market, housing prices are beginning to stabilize thus taking us out of the "declining market" status. Additionally, in some metro counties, we are beginning to see a gradual increase in new housing starts from some of the nationally recognized builders like Ryland Homes and Beazer Homes. The markets that continue to struggle, according to the article by Rismedia, is Oregon, Washington and California.
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Housing Starts Rise in September
MBA Shows Mortgage Applications Increase
Source: Rismedia - Multiple Signs Point to Rebound