Is This the Beginning of the Good Times?

By
Services for Real Estate Pros with Real Estate Pipeline

real estate, improvement, housingIF YOU FEEL a bit better about real estate in America, you have good reason. Judging from recent surveys and reports, conditions are slowly improving.

While everyone seems to agree the improvement will take time, there is a growing feeling that the worst is behind us.

As far as I am concerned, that is a good place for it. I speak with dozens of agents every day and I am hearing more often how they are busy, how business already has turned around.

Recent numbers seem to support that sentiment.  

 

Here's a few examples from one day this week:

  • Currently there are more previously owned homes under contract than at any time in the past two years. According to the National Association of Realtors, the last time its index of pending home sales was as high as it was in May was back in April 2010 when buyers were rushing to beat the deadline for a home-buyer tax credit. 
  • The number of homes being foreclosed on during the first quarter of 2012 was down from the previous quarter and 8 percent lower than a year ago.  

  • For the third month in a row, home prices across the country have risen from the previous month. While the Standard and Poor's/Case Shiller index showed prices are still lower than they were one year ago, that trend has changed during the past few months.

Apparently, those improvements should continue:

I'm not a real estate agent, but I am one of the host of people who make a living in the real estate industry and I'm taking the numbers as good news. How about you? Is your business rising with the numbers or is your area still lagging a bit behind?

Hmm?

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 Grant Sasek works for Real Estate Pipeline, an on-line lead generation service.

   

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Rainer
204,518
Mark Delgado
houses for rent, Solano County & Glen Cove - Benicia, CA
Benicia and Vallejo, Property Management, rental h
Prices have definately been on the rise in our area and the rental market has also remained very strong. Seems that there is solid demand in both areas.
Jun 28, 2012 05:51 AM #1
Rainer
43,222
Grant Sasek
Real Estate Pipeline - Missoula, MT

Mark, Perhaps I'm being a bit optimistic but what the heck - yup, better times are here and good times are on the way. Thanks for the comment.

Jun 28, 2012 05:58 AM #2
Ambassador
634,319
Doug Rogers
Bayou Properties Realty - Pineville, LA
Your Pineville Louisiana Agent

We closed 13 homes in my TINY MLS yesterday. That's amazing!

Jun 28, 2012 06:04 AM #3
Rainer
43,222
Grant Sasek
Real Estate Pipeline - Missoula, MT

doug, There ya go. We are charging forward. Thanks for the comment!

Jun 28, 2012 06:07 AM #4
Rainmaker
341,459
Elizabeth Bolton
RE/MAX Destiny Real Estate Cambridge, MA - Cambridge, MA
Cambridge MA Realtor

Our market has boomed all spring - more often than not properties have multiple bids - 5, 12, 40 offers. It's been nuts.  Either way real estate is challenging on our end - as one of my friends said "What do you say to your buyers when they've lost out with their last five offers?"

Liz

Jun 28, 2012 05:41 PM #5
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Grant Sasek

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