When it comes to real estate it is easy to wonder what’s going on. One report is gloomy while another is bright. The reality is that real estate is improving, how much so being localized to any given area.
Before the recession hit real estate markets nationwide were gaining at unrealistic paces, hence the housing boom and subsequent bust. It is important to remember that the modest improvements being seen are more realistic and if huge jumps were being made we might return to the same boat.
Overall home prices have started a modest recovery, with slight increases across the board, but the areas hardest hit by foreclosures are where values have yet to show much of a rebound. The historically low mortgage rates are increasing mortgage applications as well, adding to the real estate sales volume.
While overall, unemployment levels will continue to affect the economy as a whole, it is impossible not to look at real estate data and see an improvement. Small steps are definitely being made in the right direction.
For more information please contact me at 818.269.5550.
You may also visit my wesbite: http://www.caroledelacruzrealty.com/
or email me at: carole@caroledelacruzrealty.com
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