Housing Recovery Gains Steam

Housing Recovery Gains Steam

According to CoreLogic's October MarketPulse Report, the Real estate recovery continues to gain momentum as evidenced by the following findings.

New Home sales are up 24 percent over  a year ago and existing home sales are up 11 percent over a year ago. This demand is fundamentally driven by Institutional investor interest in single family residential properties as an asset class, pent up demand returning to the market and increasing condumer confidence in housing.

The end result is the 2012 Housing Recovery is expected to be more durable than in prior years because of an improved balance between supply and demand. This, combined with record low mortgage interest rates represent a unique opportunity for Buyers to capitalize upon in the coming months!

Andy Walker Headshot
Phone: 201-424-8628
Dated: November 26th 2012
Views: 909
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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