Positive Momentum for Real Estate

Positive Momentum for Real Estate

August 20th, 2014

Real Estate is doing great! For the first time in three years, the
housing market has been steadily increasing through Spring, Summer, and
now Fall, according to data from the National Association of REALTORS.
There has been no slowing of sales or inventory through the end of the
traditional “hot” summer season.

List prices are up 7.5% nation wide, and homes are averaging 82 days on the market.

This
is great news for the economy, as long as the increases are tempered
and gradual – the last thing we want to see is another real estate
bubble. Lower than normal interest rates have contributed to the
increased activity in real estate, to be sure, but overall economic
health also plays a major part.

What this means for you: If you
are thinking of buying or selling a home, it’s a great time to get into
the market. Call today to find out how to get the process started!