A Positive Prognosis for Real Estate
January 8, 2010
There are encouraging signs pointing to a recovery of health in the real estate market. Apartments and other rental properties will probably be the first and fastest to recover; it was predicted by the senior economist for the National Association of HomeBuilders.
The housing market appears to be on the verge of emerging from the worst real estate market in three
years, it was noted in a report resulting from a survey taken by HouseHunt.
Sales activity increased significantly in several regions over the past three months and first-time buyers continue to be a driving force in the marketplace nationwide. Homebuyers with good credit records are now able to obtain mortgage financing,
inventories of unsold homes are flat or declining in many areas, and listed properties are being offered at the lowest prices seen in the past ten years. Another key incentive in today’s home buying market is the government’s $8,000 tax
credit for first-time buyers, (someone who has not owned a home for the past three years).
With all these positive signs appearing in the market, the prognosis is a very good one for a strong, healthy recovery in the
near future.
For professional advice on all aspects of buying or selling real estate, please contact me at:
aross@miamirealestate.com
or 305-960-2575, or come
by the office at 355
Alhambra Circle, 9th
Floor, in Coral Gables