As you look forward to the New Year, what will some of your plans for 2012 entail?We've been anxiously looking forward to new trends in the real estate market – and according to RealtorMag, that’s just what we might be in store for!
National Association of Realtors (NAR) Chief Economist Lawrence Yun predicted recently that he expects to see a 4 percent increase in home sales and a 2 percent price increase in home prices. Though modest, the growth could trigger an upswing in values and market activity over the next several years, which would certainly be a positive boost for home owners and the economy overall.
Since employment and wages have also been modestly improving, expect to hear much more about the changing real estate market during the coming months.
Source Realtor Mag