Housing Market Running at 85% of Normal, Pre-Recession Activity

Though it seemed at the end of last year that the housing market was set to remain in a slump, recent reports have shown a drastic and dramatic growth in the current housing market. Many markets are functioning at at least 85% of their previous levels. Of over 350 markets examined in a recent study, at least 50 have reported to be functioning at least as well if not better than they were prior to the economic decline. It seems as though more and more people are willing to invest in homes, selling and buying homes, and even reselling homes and the market is heading toward resuming normal activity.

With the current market currently experiencing an upswing, it is safe to say that now is the time to consider purchasing or selling a home. As with any upturn however, there is a potential for collapse. However, the fact that the market has been steadily growing and repairing itself does lend credence to the idea that the market is back on the mend and heading back toward the all time highs that were in place prior to the economic collapse and pre recession.

For more information it is important to contact a real estate agent that is happy to answer any questions. For more information contact me today, Cary Amo.




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