Spring 2012 Home Sales Expected to Set Records

Great News for housing…FINALLY!
Home sales in the U.S. probably climbed in January to the highest level since May 2010, adding to evidence the housing market is regaining its footing, economists said reports this week will show.

Combined purchases of new and existing houses rose to a 4.97 million annual rate from 4.92 million in December, according to the median forecast in a Bloomberg News survey. Claims for jobless benefits held near the lowest level since 2008, bolstering consumer confidence, other reports may show.

As a real estate agent in the local community....I have to tell you....we are already feeling this trend.  Interest rates and the housing prices are definitely helping.  Of course Mother Nature has a play in this too.  Since we had such a mild winter, the buyers have been out there looking already.  Our "Spring" Market has already started!!  The housing market locally has seen a slow but steady increase in the last few months over last year....and I believe this trend is going to continue.

Kayel Buffaline

Kayel Buffaline

Licensed Associate Real Estate Broker
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