US Housing in Recovery?

Real Estate Agent with McCall Realty

US housing industry in recoveryVarious Positive Factors, plus an unseasonably warm first quarter encourages US Home Buyers

(Lake Tahoe Real Estate Blog / April 15, 2012 / Richard Bolen)

We found today's Associated Press article interesting, and we certainly like any news that points to a long awaited housing recovery.

The article says reduced prices, historic low mortgage interest rates and an improving jobs market are inspiring many home buyers. It cites that open houses are being heavily attended, and a new wave of foreclosures will lead investors to housing opportunities.

Here's a few more points in the article (full version here):

  • Many feel that prices won't drop much further. In some areas, prices have begun to tick up.
  • Consumer confidence is up and that sales will move slowly but steadily higher.
  • A warm January and February led to the best sales of previously occupied homes in five years.
  • Permits to build houses and apartments rose in February to their highest level since 2008.

Some previous Lake Tahoe Real Estate Blog posts about South Lake Tahoe, CA housing demand:

Mar 27, 2012: US Home Contracts Dip in February, what about South Lake Tahoe?
Jan 4, 2012: 2011 Year End South Lake Tahoe, CA housing report.
Oct 2, 2011: Q3 2011 South Lake Tahoe, CA Real Estate Report
Jul 6, 2011: Q2 2011 South Lake Tahoe, CA Real Estate Report
Apr 2, 2011: Q1 2011 South Lake Tahoe, CA Real Estate Report
Jan 2, 2011: 2010 South Lake Tahoe Housing Demand Report
Nov 16, 2010: What People are Buying: South Lake Tahoe 2010 Home Sales per Month
Nov 15, 2010: South Lake Tahoe 2010 Home Sales: Where We Are Now
Oct 9, 2010:Analysis of 2010 South Lake Tahoe, CA homes for sale

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