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.