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Good News for Housing Market

Reblogger
Real Estate Agent with Licensed by the Louisiana Real Estate Commission SALE.74032-ACT

Some good news coming our way about the housing industry.  Thanks to Debe Maxwell for sharing this with us.

Please note, her data in #5 are for her local area.  Here in Shreveport, there is about a 10 month supply of homes on the market in all price ranges.  That is higher than in months past.  Let's hope the decrease in interest rates will bring some buyers into the market.

Original content by Debe Maxwell, CRS 228209
Good News for Housing Market

Now IS the time to BUY!Being cautiously optimistic has become the 'trend' for those of us remaining in this turbulent market.  Sometimes the news is so negative that we have to go a bit overboard to 'prove' that there really are points to be positive about in this market.  

Alas, we have some good news--in print!  In a recent article from CNBC regarding the improving U.S. housing market, key points revealed are as follows:

1.  Economists believe that the market may be in recovery mode by end of second quarter '09.
2.  30-year fixed mortgages are near historic lows that have not been seen since spring, 2003, very briefly.
3.  Even before the recent decline in mortgage rates, the NAR's housing affordability index was at a high for the year.
4.  Sales of existing homes are down sharply from their peak in 2005 however, the annualized sales rate has steadied in Q4.
5.  Inventory has decrerased from April's high of 11.2 months to 10.2 months and continues to trend downward.  


Buy Now!

Read the entire article.

Sam Zell, a real estate entrepreneur, interviewed on Squawk Box this morning, and in a recent Forbes article, says he believes that the U.S. housing recovery will begin this spring!


As well,
The Wall Street Journal's recent article, "The Future of Home Prices," touts real estate as one of America's best investments.  

Stay tuned for more forthcoming news with the recent decrease in mortgage rates.

Debe in Charlotte


About the author:

Quality Service CertifiedDebe Maxwell is a Charlotte Residential Real Estate Broker, Certified Neighborhood & Relocation Specialist, ABR & e-PRO who can assist you with the purchase and/or sale of real estate in the Charlotte NC Metro Area.  If you're relocating to or from any other area of the country, Debe connects you with any member of her team of relocation professionals in your destination or exit city of choice.  The destination service is of no cost to you!  The Maxwell House Group's quality service guarantee puts this team far ahead of the competition; providing unsurpassed customer service is their #1 priority!  Debe Maxwell -- Helen Adams Realty -- 704.491.3310

Copyright© 2008 By Debe Maxwell, All Rights Reserved...**Good News for Housing Market**

Disclaimer:  All information provided by this author is strictly an opinion, is not guaranteed, may be based on information collected from several sources, which may or may not be deemed reliable at the time of researching this article and may be time sensitive.

Comments (2)

Gary Woltal
Keller Williams Realty - Flower Mound, TX
Assoc. Broker Realtor SFR Dallas Ft. Worth

Heather, thanks for the re-blog from Debe. Most do think the recovery will be in Q2 2009. Hope so.

Dec 17, 2008 01:52 PM
Heather Goodwin
Licensed by the Louisiana Real Estate Commission - Shreveport, LA
Results That Move You

Thanks for stopping by, Gary.

Dec 18, 2008 12:13 AM