Economists stated in a recent article at USA Today that the way the real estate market charge in the coming spring home-selling season will definitely be test a test for housing demand. It will also prove which markets will take the lead for housing recovery.

According to Steven Ricchiuto, chief economist for Mizuho Securities USA, “This spring will be the litmus real estate test for housing demand.” The slow-moving housing market in recent years has been creeping toward a change in direction in the past few weeks. According to February housing data by the National Association of REALTORS®, a 9% increase in existing-home sales and pending home sales in contrast to the figures of the same time year ago.

In a statement made by in USA Today, Paul Dales said that he anticipates the spring selling season to “be the best in four or five years” for the industry of real estate.

The place where the supply of for-sale homes has plummet the most and is more balanced, is where rates have the greatest possibility of boosting this year. For an instance, despite Phoenix’s 42% drop in its housing inventory recently, the state is expected to experience a 5% gain this year, according to Eric Fox, an economist for Veros Real Estate Solutions.

 
Posted by Sharon Sigman on 04/25/2012 12:01 PM   Comments (1)   sharon, sigman, sale, home, buy, house, housing, loan, mortgage  
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1 Comments on Housing Recovery Will Be Evaluated by Spring Home-Selling Season

MAY
01
2012

Thank you for the blog!  Here is the latest market report for the KC area - Still a slight buyers advantage but come May we might see a change?

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Sharon Sigman

Overland Park, KS

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Weichert Realtors Sharon Sigman Five Star

Address: 5200 W. 94th Terr, Suite 202, Overland Park, KS, 66207

Office Phone: (913) 488-8300

Cell Phone: (913) 381-6794

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Kansas City is a very good area for investers in both single family homes to apartment & commercial buildings.We have lots of inventory for residential and commercial listings.


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