Following closely on the heels of Morningstar’s report that “initial signs of a reversal are upon us”, we have the chief economist for the National Association of Realtors listing several reason “why home sales will rise this year”, e.g.,
. More Jobs
. Rising Stock Market
. Rising Rents
. US and Foreign Investment in Homes
The short sale approval process has improved and banks are making profits which increases their desire to lend. Gas prices have decreased which serves to inspire much needed consumer confidence. Affordability, low interest rates and an improving job picture, along with improved consumer confidence, has driven homes sales upward. We agree, this is indeed very good news.
Blog writtern by: Marguerite C Carver, GRI, CRS
Licensed in PA, NJ and SC