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It’s been a long time coming years upon years of countless foreclosures, short sales and distressed properties have hit the Real Estate market but believe it or not, we are finally starting to see things in a better light.
Recently the National Association of Realtors released statistics that’s showing improving market conditions.
In 2011 existing home sales rose 1.7 percent, but our gains came at the very end of 2011 with an upsurge in sales during the last 3 months and it continues to this day to gain momentum. December sales data shows an increase sales by investors paying cash increased by 3 percent and accounted for 31 percent of all sales.
Also, the available housing inventory for sale dropped 9.2 percent. This represents a little over a 6 month supply of homes available on the market. The lowest level since March 2005!
With prices stabilizing and mortgage rates continuing …