Wednesday, April 4, 2012

Experts Positive About Improving Residential Housing Market with Early Warm Weather

Many industry members are increasing their hopes for a much-improved spring season when it comes to residential housing transaction volume, according to USA Today.

With the warm weather breaking out in most parts of the country, there may be an extension of the spring season, and this could translate to a larger number of homes sold. February home sales were up nearly 10 percent year-over-year, while confidence is up for industry members, the news source reported.

Home prices are projected to continue their decline, while some areas are expected to begin their climb back for the first time since the housing bubble burst.

"This spring will be the litmus test for housing demand," Steven Ricchiuto, chief economist for
Mizuho Securities USA, told the news source.

Not only are experts optimistic about the improving residential housing market, but many consumers feel the same way as well. According to Fannie Mae's latest edition of the Quarterly National Housing Survey, most of American renters are interested in purchasing a home at some point in the future. In addition, a majority of consumers think that the present is a good time to purchase a property.


  1. This is post is very nice, knowledgeable and informative. Email Marketing Integration and automation tactics that lift conversions and boost ROI. You can also get information from this links………..
    benefits of email marketing

  2. I believe that the real estate market has been thriving for the past two years, especially if you're a seller. It's definitely a sellers market right now. I will say, however, that if you are looking to purchase a home in the near future it would be a great idea to find home insurance in your area. The sooner you can line up your insurance and mortgage assistance the faster you'll be able to close!

    Just my two cents.


    Weston Real Estate