carolyn smith realtor: Housing Market Recovery Will Continue for 2012
- 11/15/11 02:59 AM
According to the National Association of Realtors chief economist Lawrence Yun, gradual increases are expected in home sales and home prices over the next two years. For 2012, Yun predicts that home sales will rise 4%, and home prices will rise 2%. Additionally for 2012, Yun expects rents to rise 3%, and he says that mortgage rates could rise to 4.5%. Looking even further, NAR’s chief economist predicts that home sales will grow by 6%, and prices will increase by 3% for 2013. He also expects rents to rise by 3.5% and mortgage rates to go up to 4.8% in 2013. (4 comments)
Bridget and Carolyn are Realtors serving the areas of Melbourne Beach, Indialantic, Indian Harbour Beach, Satellite Beach, Cocoa Beach, Suntree, Viera, Melbourne, West Melbourne and Merritt Island. Both Bridget and Carolyn are longtime residents of Brevard County, Florida, where they have raised their families and enjoyed everything the area has to offer. Bridget and Carolyn have a true passion for this special little spot here on the Atlantic Ocean, and the purpose of their blog is to share their passion for the area with you.