December 8, 2012 in Uncategorized
Latest released data for October 2012 by The National Association of Realtors (NAR) show sales of previously owned homes in the US rose more than originally projected. Market watchers have suggested these positive figures are a further sign that confidence is returning to the housing market and the national economy.
Sales rose by 2.1% on the previous month’s sales to 4.79 million previously-owned homes sold within the month. When comparing with the like for like market figures against October 2011, the sales increase jumped by 11%.
A survey of house builder confidence from the National Association of Homebuilders and Wells Fargo also indicated that confidence in the market amongst US home builders is at a 6 year high. The growing demand and limited inventory in many parts of the country is starting to put upward pressure on home pricing according to the NAR economist, Lawrence Yun.
Economists and market analysts have suggested the steadily improving job market and historically low interest rates are continuing to revive the housing market.
Keely Smith is a Florida Licensed Real Estate Broker primarily serving the Southwest Florida coast. Keely specializes in the Cape Coral fl Real Estate market and also in the Fort Myers Fl Real Estate market. Her expertise is in helping out of state and overseas clients wishing to purchase a second home either for personal usage or as investment vacation property with income potential.
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