NAR Predicts 2012 Home Sales To Be Highest in 5 Years!

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Real Estate Agent with Property Executives Realty

According to the National Association of Realtors existing-home sales will jump 7 to 10 percent in 2012 to the highest level in five years, based on an "uneven but higher sales pattern" so far this year.  Pending sales were up, from January to February, 9.2% from the same time in '11. 

The Midwest saw a month-over-month gain of 6.5 percent and a 19 percent gain from a year ago.

NAR predicts existing-home sales to be 4.65 million in 2012, an increase of 9.1% from last year. That forecast assumes that the U.S. economy will grow at a 2.3% annual rate and add 2.7 million jobs this year.

 

http://www.inman.com/news/2012/03/26/nar-2012-home-sales-will-be-strongest-in-past-5-years

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Topic:
Real Estate Market Trends
Location:
Wisconsin Saint Croix County Hudson
Tags:
realtors
homes sales
real estate forecast
hudson wi real estate
jeremy cudd
river falls wi real estate

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Rainer
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Rich Ranft
United Country - Beloit Auction & Realty Inc. - Beloit, WI
CAI, GPPA, AARE

Home sales may be up but the average sales price has plummeted so we have to work harder for the same amount of money...and it wasn't easy before.

Mar 26, 2012 11:37 AM #1
Rainer
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Team Cudd - Jeremy & Dana
Property Executives Realty - Hudson, WI

You're right Rich, it's never been easy!  Though if it were easy we wouldn't be needed either.  Fortunately for us there are fewer and fewer Realtors which leaves more opportunities for guys like us!  Cheers to that!

Mar 26, 2012 11:57 AM #2
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Rainer
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Team Cudd - Jeremy & Dana

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