The percentage of realtors who expect home prices to increase in the next six months has more than doubled from last quarter, a recent survey reveals.
HomeGain, the website administering the surveys, says that this is the first time since the second quarter of 2009 that more than 25% of respondents have had a favorable outlook on housing prices. Read the full article here.
Part of the reason for the positive trend may be the level of inventory. As of January, the nationwide inventory fell to its lowest point since 2005. The laws of supply and demand affect the housing market, too.
Of course, this survey is not about hard facts or currently measurable price trends. It's opinions. But, it's the opinons of those who eat, sleep and breathe the housing market. So we'll choose to take it as an encouraging sign.
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