The spring season usually brings an increase in buying and selling to the real estate market, and housing experts are mostly optimistic that this spring will be even better than recent years. Some signs are already there: Housing inventories are declining, housing affordability is at record highs, rates on home loans are at all-time lows, and the job market is improving. Existing-home sales have been edging up in recent months, and for-sale housing inventories were at nearly 2.4 million units in December, reaching its lowest point since 2005, according to National Association of Realtors data. NAR’s Chief Economist Lawrence Yun says home prices are beginning to stabilize in many markets. Also, NAR’s Housing Affordability Index is at its highest level since the 1970s, which indicates that for the average family housing is very affordable. The National Association of Home Builders is also predicting an improvement this spring amongst the new-home sector. NAHB is predicting that home sales will increase 18 percent this year, that’s after facing their lowest on record in 2011.
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United Real Estate Dallas - Dallas, TX
Dallas Homes
Shelia, the DFW market is improving month by month. Some area homes are going under contract on day 1 and other areas are recovering at a slower pace.
Apr 26, 2012 01:33 PM
Fathom Realty - Bentonville, AR
Morning Sheila I hear it from all over the market has turned and headed in the right direction. Do you think it's due to a political year?
Apr 26, 2012 09:11 PM
Berkshire Hathaway HomeServices - C. Dan Joyner - Anderson, SC
Selling the Upstate since 1989
thanks for your comments.. I think we are all looking at positive signs... I think it is just time for it... Normally, election years are slow.... but this one doesn't seem to be following that route and I hope it doesn't start later
Apr 29, 2012 01:10 PM
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