Raining Cats And Blogs: Market Update - The Housing Market Is Starting To Recover

Market Update - The Housing Market Is Starting To Recover

The housing market is starting to recover. Prices are rising. Sales are increasing. Home builders are clearing lots and raising frames. The trend is clear in the data. The widely respected S.&P./Case-Shiller index reported recently that sales prices for existing homes rose in April for the first time this year. Several other measures, including a seasonally adjusted version of the index, show that price increases began in February. The pace of housing construction has increased. And the National Association of Realtors reported that pending home sales climbed to the highest level since the end of a federal tax credit for first-time buyers in September 2010.

Due to low prices and the relative weakness of the dollar, international buyers continue to identify the U.S. as a desirable place to own property and make a profitable investment. According to the National Association of Realtors' 2012 Profile of International Home Buying Activity, total residential international sales in the U.S. for the past year ending March 2012 equaled $82.4 billion, up from $66.4 billion in 2011. Total international sales were evenly split between non-resident foreigners and recent immigrants. In addition, many recent immigrants view homeownership as an important accomplishment. They believe that being a homeowner is one of many ways they become established in the U.S. and attain stability, security, and a sense of community.





If you are looking to buy or sell a home in the  Anderson or Greenville SC real estate areas, visit our website at www.SheilaNewtonTeam.com for tons of great information.

 

   
Sheila Newton   
Sheila Newton Team 
Berkshire Hathaway HomeServices -
C. Dan Joyner, Realtors
864-225-1205 (direct)
864-940-6377 (mobile)

www.SheilaNewtonTeam.com    


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Comments

I love good news Sheila, thanks for bringing it today.

Posted by Tom Arstingstall, General Contractor, Dry Rot, Water Damage Sacramento, El Dorado County - (916) 765-5366, General Contractor, Dry Rot and Water Damage (Dry Rot and Water Damage www.tromlerconstruction.com Mobile - 916-765-5366) over 5 years ago

Morning Sheila here in NW Arkansas the home of WalMart and JB Hunt Trucking plus Tyson Foods the housing market has been in recovery mode for at least 6 months.  Cross your fingers and hope it continues

Posted by James Dray, Exceptional Agents, Outstanding Results (Fathom Realty AR LLC) over 5 years ago

I sure do hope it continues... And I try to bring some good news every week if possible. :)

Posted by Sheila Newton Team Anderson & Greenville SC, Selling the Upstate since 1989 (Berkshire Hathaway HomeServices - C. Dan Joyner) over 5 years ago

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