Housing Market is Improving

Housing Market is Improving

The housing matket is improving despite economic uncertainy; it was concluded in the August report by CoreLogic.

"While housing data remained gloomy for years, we beleive the housing segment is seeing sparks of hope with REO sales dropping, inventory levels declining and the nation's foreclosure inventory slowing. The result of these conditions is a balancing of supply and demand, and the beginning of price stability-even price growth" the report stated.

Locally here in the Randolph, Morristown, Denville, Rockaway markets the picture is looking up. Despite the spectre of a large shadow inventory still looming, the combination of extremely low interest rates along with a long pent up demand has served to boost the local market tremendously over the past few months!


Andy Walker Headshot
Author:
Phone: 201-424-8628
Dated: September 20th 2012
Views: 1,448
About Andy: Having lived in New Jersey for over 20 years, I have been a top producing Realtor and member of the ...

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Keller Williams Realty Metropolitan
55 Madison Avenue
Morristown, NJ
973-975-0003
973-539-6888