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2012-02-22 11:25:48
Home Sales - Spring 2012 Predicted to Set Records!

Time to Start a New Beginning!



Spring is the time of year for new beginnings.  Baby calves, baby chicks, and bunnies are being born and starting a new life, and this year there is new life for HOME SALES as well! 

This January the sale of homes in the United States is said to have climbed to the highest levels since May 2010.  This shows evidence the housing market is Climbing the Ladder! 

According to the median forecast in a Bloomberg News Survey, purchases combined of new and exsisting homes rose 4.97 million annual rate from 4.92 million in December.  Also a claim of jobless benefits held close to the lowest levels since 2008.

Record affordibility due to the drop in home prices and mortgage rates, combined with a strengthening job market will probably keep underpinning demand. 

The National Association of Realtors will release information on exsisting house sales on February 22.  Purchases rose 0.9 percent to a 4.65 million annual rate, following a 4.61 million pace in December, according to the Bloomberg survey median.

Sales of homes increase to a 315,000 annual rate from 307,000 the month before, the survey median showed.  The report is due from Commerce Department on February 24.  A record low was set last year for the industry going back to 1963, as builders sold 32,000 homes, down 6.2 percent from 2010.

So bring on Spring 2012! Our New Beginning for the Real Estate Housing Market !

 

LINDA SECRIST - LINDA SECRIST & ASSOCIATES - EVERYTHING THEY TOUCH TURNS TO SOLD!

 


 


 

 

 

 
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