So what exactly is a real estate recovery? If you follow the real estate markets, there is an abundance of information, some good and some that is just based upon sound bites. In our world of information, sometimes it is hard to tell what is good and what is simply noise. Personally and professionally, I believe that much of the news at the national level suggests a positive outlook. Let's take a look at the data...
Housing market index, July - home builder confidence is up,and many of the national economists are forecasting improving real estate markets for the second half of the year. I certainly have observed home builder confidence improving in the markets in Lacey, Olympia, Tumwater as well as the community of Shelton --including some increases in listings in homes and build-ready lots associated with my activities there.
Mortgage Activity, July - mortgage activity was reported to have improved a great deal going into the end of July. The federal housing price index saw another months worth of increase. This suggests that loans are being made and prices are showing signs of positive movement.
Even with the uncertainty in the changes to the U.S. credit rating, and the wild swings in the stock market recently --given that there are positive signs of life across data-driven indexes, this could be recovery. Prices are improving, builders are more confident, new construction is turning up, mortgage applications are up...even with the risks, there is a positive outlook for housing.
I am positive that RE/MAX servingwateam.com brokers can help you in finding that perfect place to call home.
Author:Vicki McLellan Phone: 425-301-2595 Dated: August 17th 2011 Views: 1,577 About Vicki: I'm a full-time licensed professional and love what I do. I use that enthusiasm to make the process ...
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It can be a little scary to check the markets right now, wouldn’t yo
"Cari helped us find our ideal home in Olympia in 2013. It took almost 6 months but she was very patient, helpful and insightful. 6 months! That was a lot of properties to drive to and see, a lot of houses in many different conditions. Cari never pushed a sale. She would just stand back and let us see things for ourselves, while being always there to answer questions or get answers for us. That, by itself, is invaluable help.
Now, in 2015, we were ready to sell and she helped us sell our house in record time. That meant the price she suggested was right on and the logistics she did (description, listing, flyers, marketing) superb. She also handled all the negotiations and other issues that arose, greatly reducing our stress levels. All the while, she was very professional and maintained her wonderful sense of humor through all the fray. She promised, she delivered, and we're very grateful"