Analysts Say Housing Is On Its Way UP!

By
Real Estate Agent with Berkshire Hathaway HomeServices

REAL ESTATE ANALYSTS SAY HOUSING IS ON ITS WAY BACK UP!

Analysts at both Standard & Poor's and Barclays Capital agree that the uptick in home resales last month is a favorable sign of things to come. Because pending home sales — an indicator of future activity — were up in February, S&P believes transaction volume will rise for April and continue with this trend through May.

Barclays, meanwhile, says March's 3.7 percent gain in existing-home sales merely reinforces its position that the housing market actually hit bottom in late 2010.

Truly good news for everyone, especially for Salt Lake City real estate!

 

Comments (3)

Art Hademan
Century 21 Real Estate Center - Mount Vernon, WA

Linda,

They just posted a report this morning stating that home values in Washington State dropped another 7% since January of this year. Our market certainly hasn't bottomed out yet!

I think we need to determine where these rises are happening and then figure out how our own specific market is doing before we take the recovery leap.

I know it's always important to stay positive but....! One good note is that we're seeing a lot of people this Spring at our open houses and there have been a lot of cash sales lately. It's definately a buyers market and it looks as if buyers are starting to take advantage of it before new Federal regulations come down the pike.

Keep smiling!

Apr 28, 2011 07:33 AM
Victor Zuniga
Berkshire Hathaway Home Services California Properties - San Diego, CA

Some markets are improving and that makes me wonder why buyers are still hesitating to act. 

Apr 28, 2011 07:38 AM
Larry O'Sullivan
Sandy, UT

Linda - open houses are producing increased traffic (maybe change in seasons) but lookers generally have an inability or unwillingness to proceed further.

Apr 28, 2011 09:42 AM