Are We Seeing A Housing Market Rebound? You Bet We Are!

By
Real Estate Agent with Keller Williams Lanier Partners

According to S&P/Case-Shiller index, home prices are up by 3.6% in the third quarter of this year.  The is the biggest percentage gain in more than two years.  And it is more than three times higher than the previous quarter.  That being the largest increase since 2Q/2010.

Economist are optimistic and believe the signs point to a sustained upward trend in housing prices in the coming years.  Supporting this rebound is a combination of a five year low decrease in the number of foreclosures and the historical low mortgage rates.

David Blitzer, chairman of the index committee at S&P Dow Jones Indices comments that, "With six months of consistently rising home prices, it is safe to say that we are now in the midst of a recovery in the housing market".

We are now seeing home prices back at 2003 levels, pre-bubble inflated values that ensued over the following three years.  Fall, typically a slow real estate market, has many Realtors busier than even summer months.  Wise watchers of the market realize we have hit the bottom and are on our way upward.


Posted by

Lynn Pruitt

If you are interested in listing your home or information on an existing property, please feel free to contact me at lynnpruitt@kw.com or call my cell 706-436-0414

Please visit my website:  www.LakeHartwellTime.com

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Rainmaker
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Paula McDonald, Ph.D.
Beam & Branch Realty - Granbury, TX
Granbury, TX 936-203-0279

So glad to see so many markets doing well.  Our market is thriving too.  Such a good thing.

Dec 03, 2012 09:55 PM #1
Rainer
26,893
Lynn Pruitt
Keller Williams Lanier Partners - Hartwell, GA

Paula, yes it is. What a blessing to see that many homeonwers are now seeing the light at the end of the tunnel after years of uncertainty.

Dec 03, 2012 09:59 PM #2
Rainer
25,141
First Last name
Keller Williams Preffered - Raleigh, NC

Nice! Glad to see these numbers! Thanks for sharing!

Dec 03, 2012 10:17 PM #3
Rainer
26,893
Lynn Pruitt
Keller Williams Lanier Partners - Hartwell, GA

Thanks Lisa, hope they stay on the rise!

 

Dec 05, 2012 08:22 AM #4
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Rainer
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Lynn Pruitt

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