Economists surveyed by CNNMoney this week, they believe the nation’s housing market has finally turned the corner. The report says they are encouraged by a number of indicators including three straight months of increases in the S&P/Case-Shiller home price index, a pick-up in sales of existing homes and new home construction, as well as a jump in the price of new home sales.
This trend will likely continue as low mortgage rates are also predicted to remain low thanks to the Federal Reserve’s purchase of $40 billion in mortgages a month for the foreseeable future.
If you are in the market to buy a home, sell you home or to relocate, now is the time! Contact me today to discuss your needs and how you can take advantage of these favorable market conditions.