The national economy may still be in peril but real estate markets across the country are showing positive signs of regaining stability and growth. As the National Association of Realtors® reported in a recent press release, Existing-Home Sales Up Again, sales of existing homes rose in June for the third consecutive month.
Although much of the sales increase can be attributed to a high number of foreclosures and declining property values, there is evidence that home prices are working their way back up. According to the Federal Housing Finance Agency, home prices actually rose from April to May: U.S. Monthly House Price Index Estimates 0.9 Percent Price Increase from April to May (PDF.) Conditions nevertheless remain favorable to buyers and potential homeowners are taking notice. As RealtyTimes reports, Buyers [are] Getting [the] Message.
Of course, in a real estate market that seems worlds apart from what we were familiar with only a few years ago, the best way to take advantage of the current situation is to work with a knowledgeable and dedicated real estate professional. Whether you are looking to buy or sell, your local Coldwell Banker sales associate can help you make the most of today’s market to meet your real estate goals.