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Recovering Real Estate Market

By
Services for Real Estate Pros with Think Glink Media

If you have clients looking into buying a home, now may be a great time to encourage them. New reports are hinting that we can be cautiously optimistic about a recovering real estate market. My post for today’s Equifax Finance Blog has lots of great information to back up the claim. Here are 4 things that are fueling the optimism.

1. Fannie Mae and Freddie Mac are reporting positive outlook reports. Fannie Mae reports that based on three consecutive months of increased home sales late last year, Fannie Mae expects housing to add to the gross domestic product (GDP) for the first time in seven years. And Freddie Mac reports “The U.S. economy continues to build on the momentum from the end of last year. Our outlook anticipates gradual, but steady, improvement in the economy and the housing market, supported by low interest rates and brightening job market prospects.”

2. Home prices raised in half of U.S. states last quarter, according to Andrew Leventis, principal economist of the Federal Housing Finance Agency (FHFA).

3. Unemployment is at 8.3 percent, the lowest since February of 2008.

4. Mortgage rates are also at new lows. For more details on the reports by Fannie Mae, Freddie Mac, and the FHFA, as well as what this means for foreclosures, read my blog on today’s Equifax Finance Blog.

 

 



Ilyce Glink is the author of several books, including 100 Questions Every First-Time Home Buyer Should Ask and Buy, Close, Move In!. She blogs about money and real estate at ThinkGlink.com, The Equifax Personal Finance Blogand CBS Moneywatch She is Chief Content Strategist at RealtyJoin.com, a community for real estate investors.

 

 

Comments (2)

Thom Abbott
MyMidtownMojo.com |770.713.1505 | Intown Atlanta GA Condo Living - Atlanta, GA
Midtown Atlanta GA Condos For Sale

Good news indeed! But it seems we are lagging behind here in the ATL...and have had prices drop!

Let's hope we are at the end of this!

 

Mar 02, 2012 01:32 PM
Ilyce Glink
Think Glink Media - Chicago, IL
Best-selling author, award-winning TV/radio host.

Agreed, we are all crossing our fingers.

Mar 05, 2012 05:55 AM