Buyer activity is increasing
The first sign of an improving market is buyers again beginning to shop for a home for themselves and their family. That is taking place right now.Pete Flint, CEO of Trulia said in a recent press release:
“We’re seeing a national resurgence of buyer and seller activity on Trulia.com. In January alone, we experienced an unprecedented level of site traffic including 11 million unique visitors – which is more than 70 percent year-over-year growth… (We) are now experiencing 100,000 property views per minute.”The latest Credit Suisse Monthly Survey of Real Estate Agents reports:
Our Monthly Survey of Real Estate Agents pointed to another month of improved traffic – the third straight month, and the highest level for our traffic index since April 2010, the last month of the homebuyer tax credit. The improved economy and stronger consumer confidence has translated into an increase in homebuyer traffic.
But have they actually started purchasing?
The best news is that buyers are not just looking. The latest National Association of Realtors’ (NAR) Pending Sales Report, which quantifies the number of homes going into contract, shows continued improvement:Pending home sales improved further in December, marking the fifth gain in the past six months.
Bottom Line
Buyers are back out looking at homes and the number that are actually purchasing is steadily increasing. It appears the housing market is on the verge of a rebirth. The Phoenix is beginning to flap its wings.
To make sure your home purchase is handled professionally – hire Lisa Bear, a trained professional. In the long run, you will wind-up with more money in your pocket and have less challenges with the move.
Courtesy of Lisa Bear RE/MAX Realty Center
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