Real Estate Market Statistics
For complete quarterly Real Estate market statistics click on the following link: http://www.wpar.org/library/sales_statistics
Market Overview
The housing sector continues to show signs of recovery. Together the tax credit (which expired at the end of April), the more upbeat consumer confidence, and favorable market conditions all contributed to bolstering April’s sales activity - with existing home sales increasing for the second straight month.
Meanwhile, stagnant job growth and elevated levels of foreclosure continue to be cause for concern. The government is now taking proactive steps to restructure the mortgage industry with risk-management measures seen by experts as a “huge cut in red tape” that would ultimately benefit consumers.
The housing market may be in better shape than this time last year; but, when you look at recent trends there are signs of some renewed weakening in home prices…It is especially disappointing that the improvement we saw in sales and starts in March did not find its way to home prices.
