Does your local Real Estate Market signal a rebound? If you think it is poised for a rebound then consider the following five factors:
1. New Jobs vs New Housing: Job growth and builders scaling back production should bring demand back in line.
2. Fewer Builder Concessions: This signals that the builders inventory turns are in better shape.
3. Months Supply / Absorption Rate: As the absorption rate (supply of available homes for sale) shrinks, demand will pick up.
4. Visitors Per Listing: Higher foot traffic with active listings means more buyers.
5. Rising Rental Rates: As the rental rates increase, those renters will soon look to buy instead of rent.
If you believe your neighborhood is on the way to achieving success in these five areas then perhaps a rebound is just around the corner!
Visit www.HomeFieldRealtors.com to learn more!
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