For those of us with little patience, the slowly improving
real estate market can be painful. Most
real estate markets swing like a pendulum from a buyer's market to a seller's
market within 6 months. However, this
swing is taking much longer than any other in history. The good news is we are seeing
improvement. Despite the recent rise in
interest rates, closed sales volume has slightly increased along with minor
improvements in home pricing. If you are
thinking about getting that bigger home, your opportunity to capitalize on the
real estate market may be dwindling. The
improvement can be contributed to the lack of inventory along with the
decreasing amount of foreclosures on the market. Right
now, the economy could certainly use a little help with consumer confidence and
lower un-employment figures. I believe
the real estate economy is what turned our economic conditions and I believe it
will be the real estate market that pulls us out of it.
Article Written by: Daniel J. Smith
