When to Buy or Sell a House?
I love what 2012 has in store for home sells! The Central Texas housing market is showing signs of improvement and is predicted to accelerate and is showing signs of strong recovery in 2012, predicted by local experts. 2011 states showed an increase from 6,000 to 6,500, said Eldon Rude, Director of the Austin market for Metrostudy, a housing market research firm. Assuming job growth continue to increase, home starts are predicted to rise as high as 7,000 to 8,000 in 2012. Compared to its predecessing year 2010, the local housing market is showing increased number of builders started constructions.
Central Texas registered 2.2 percent job growth between November 2009 and November 2010, adding 17,000 jobs according to Texas Workforce Commission, and is hand-to-hand with improving home sales. There are even signs of mortgage companies giving more incentives and government taxe breaks for first-time, some returing homebuyers, and continuation of the mortgage insurance deduction. Its time to make a move.
Three housing reports released Monday show an increase in the North Texas market and stabilization in 2011 as expected, but hint at some improvement in home prices in 2012. December showed a 5 percent increase in home sales and was enough to keep the market flat in 2011 compared with 2010, according to a monthly report from Texas A&M University's Real Estate Center. The center compiles sales figures recorded by real estate agents on the Multiple Listing Service in 29 North Texas counties.
Home prices show definite signs of rising at an expect 5. percent by the end of 2012 in Dallas-Fort Worth-Arlington, well above the forecast national average, according to Clear Capital's latest Home Data Index. That's on top of a 2.7 percent increase in home prices in 2011 in North Texas.
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