Awaking the Real Estate Market

Home markets are rebounding. That is the message that is being proclaimed all over the US. But as a cautionary note, there is still a long way to go. Freddie Mac’s 2012 Economic Outlook reports “The housing market is showing some signs of shaking off the depression-like conditions that have plagued it for much of the past few years. As if awakening from hibernation, housing starts and home sales moved to higher levels of activity.”

A primary factors helping the housing market get back on track is the drop in unemployment. Half of the recent increase is directly due to rising construction rates building rentals and multi-unit buildings. 

Source: “Freddie Mac: Economic Growth Expected to Stabilize Housing Market,” Dow Jones Newswires (March 28, 2012)

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2 commentsTim Hart • March 30 2012 08:56AM

Comments

Tim

I agree with your caution. Our MLS here in the Napa Valley has redesigned the daily "hotsheet" and now it can be customized. I added "conditions of sale" which is our category for short sales, REO, as is, etc.

Every day there is approximately 50-60% SS, REO or NOD in all categories. Until this changes and this percentage is way down, this market though extremely hot here too and very low inventory, will continue to bump upon the bottom.

cheers cvc

Posted by Curtis Van Carter, Napa Valley's Broker Extraordinaire in Yountville (Coldwell Banker Brokers of the Valley, Yountville Napa Valley) over 2 years ago

Great Points Curtis - thanks for the note!   Tim

Posted by Tim Hart, Broker (Bozeman Broker Group) over 2 years ago

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