The 2012 real estate market outlook shows that opportunities in the housing market
are continuing to grow for both sellers and buyers.Consistent with what the National Association of Realtors show, home payments today make-up 12.8% of the median household income, showing home affordability that is driven by record low interest rates.This is a great sign for anyone looking to buy a home.It is also good for the overall economy as consumers get to keep more money in their pockets.
The housing market is showing signs of transformation from a buyers’ market, which is great news for sellers as the market gets more balanced.Soon, homeowners should begin to see their home values stabilize and grow.This makes for a more favorable opportunity for anyone looking to sell their home this year.
When you combine job creation, an improving housing sector and banks that are lending more, you get a promising outlook for the 2012 real estate market. However, don’t forget the important things when it comes to selling your home.You still want your home to stand out from the others on the market.So, make sure you have curb appeal and ask your Realtor® for advice about staging your home.