There is optimism for the Housing Market!
Across the nation and the state optimism is building for the housing market.
Several recent studies and statistics have shown that there is a positive forecast in stressed real estate market. According to Moody’s Analytics data reported in USA Today,U.S.home sales are expected to rise 12 percent in 2012, after a 2 percent increase last year.
Also according to our local real estate board prices are heading down and almost at a plateau while inventory seems to be dissolving as well. Meaning fewer homes on the market, and lower prices equals a come back in the market to a “normal” level.
According to another report, the supply and demand issues are coming into balance. In November, inventory was down more than 21 percent inWeberCountywhile the number of closed sales had increased by 17 percent from last year. Home sales have been up for five straight months while inventory has been down for 13 consecutive months.
The only obstacle now is to convince the average consumer that the supply and demand are becoming a balance in turn starting to create the more consumer confidence.
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