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Spring Home Buying Season Shows More Positive Signs

Posted by: In: Real Estate 16 Apr 2014 Comments: 0 Tags: ,
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Just recently, the housing market has been quite volatile from month to month which has slowed down the continued recovery. In spite of this the Fannie Mae National Housing Survey shows consumers still have a positive view on real estate which may lead to an increase in selling and buying this spring.

Apparently some 38% of those surveyed thought it would be a good time to sell a home, compared to just 26% at the same time last year. In addition, more than half of those surveyed thought it would be easy to get a mortgage compared to just 47% a year earlier. Americans are also feeling more positive about their personal finances, and the numbers who expect things to worsen over the next 12 months fell to just 12% compared to 21% this time last year. Those who feel their personal financial situation has improved during the past 12 months reached a high of 40%.

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The article in RISMedia goes on to point out that the housing recovery is continuing to proceed, but is impeded by a lack of inventory and increasing mortgage rates. In spite of this the signs are pretty positive as we enter …read more

Source: Realtybiznews



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