Skip to content

Top Reasons to be Thankful for Today’s Real Estate Market

November 15, 2012

Top Reasons to be Thankful for Today’s Real Estate Market

It is no secret that over the past few years Americans have dealt with their fair share of hardships and tribulations. With a floundering economy, high unemployment rates, and a mortgage crisis that seemed inescapable, many Americans have experienced difficulty. However, with a vastly improving real estate market, there are many benefits to reap not only for realtors, but also for the economy as a whole, as housing recoveries typically coincide with broader economic recoveries. A rebounding real estate market has several positive side effects that will provide real estate agents, home buyers, and the economy plenty of reasons to be thankful this Thanksgiving!

 Home prices and sales are on the rise! The market is continuing to take steps back toward normalcy.

 Shadow inventory (distressed properties that aren’t listed for sale but will be, i.e. homes that borrowers are delinquent on or already in foreclosure, or that banks have already repossessed) is shrinking. A smaller shadow inventory means there are fewer distressed properties poised to come on the market, a positive for home prices.

 Foreclosures are up. This helps the housing market in the long run because it enables banks to get through the backlog and eventually move on. Foreclosures also create low priced homes that many buyers can take advantage of.

 Low interest Rates! Today’s buyers have some of the best pricing and interest rates that the housing market has ever seen!

 Inventory levels are down which creates a higher demand and more stable prices in the market.

 The number of new home sales is rising. In fact, construction of new homes is up 15 percent. Increasing new home sales has caused the construction industry to grow, which has created new jobs and reduced the unemployment rate.

 The housing market’s demand and supply are reaching numbers that are closer to normal, meaning, more stable prices!

 Modest prices and competition in the market make it a good time to buy a home because both agents and buyers have to compete with multiple offers.

 There is greater interest among potential home buyers as employment and consumer confidence slowly improve in a growing number of markets.

 Home sales are expected to continue to rise 2-5% every year according to Freddie Mac’s U.S. Economic and Housing Outlook Survey, which will be accompanied by a more stable economy and greater income potential for real estate agents.

 New policies for mortgage companies prevent home buyers from purchasing a home they cannot afford; thus, avoiding a relapse of another housing crisis.

 Borrowers are building more equity in their homes through refinancing to either pay down their debt and reduce loans or pay higher monthly payments to pay down the principal quicker, another positive indication of the future of the housing market that benefits mortgage companies, banks, homeowners, and the economy.

With such positive indicators that the real estate market is on an upward climb, the future of the industry and the economy looks bright. While many Americans have withstood difficult times over the years, the climbing market offers a glimmer of hope for our housing market, our economy, and our country that provide plenty of reasons to give thanks this Thanksgiving!

12 Comments leave one →
  1. April 9, 2013 10:40 pm

    Aw, this was an incredibly good post. Taking a few minutes
    and actual effort to create a top notch article… but what can I say… I hesitate a
    whole lot and don’t manage to get nearly anything done.


  2. April 13, 2013 11:56 pm

    I blog frequently and I seriously thank you for your information.
    This great article has really peaked my interest.
    I’m going to take a note of your blog and keep checking for new information about once per week. I subscribed to your RSS feed as well.


  3. April 21, 2013 9:19 pm

    When I initially left a comment I seem to have clicked the -Notify me when new comments are added- checkbox and now each time a comment is added I get four emails with the same comment.
    There has to be a way you can remove me from that service?


  4. May 7, 2013 10:58 pm

    I think this is among the most significant information for me.
    And i am glad reading your article. But should remark on few general things, The web site style is perfect, the articles is really excellent :
    D. Good job, cheers


  5. May 15, 2013 2:21 am

    Hi there, just wanted to tell you, I enjoyed this blog post.

    It was funny. Keep on posting!


  6. May 25, 2013 3:17 pm

    Your own post provides established beneficial to myself.
    It’s really informative and you are naturally really knowledgeable of this type.
    You get exposed our face to numerous opinion of this subject matter along
    with intriguing, notable and strong content material.


  7. August 3, 2014 7:04 am

    Wonderful items from you, man. I have take into account your stuff prior to and you’re simply extremely excellent.
    I really like what you have got right here, really like
    what you’re saying and the way by which you say it. You make
    it entertaining and you still care for to stay it wise.
    I cant wait to learn far more from you. That is really a wonderful site.


  8. September 26, 2014 9:11 am

    L’ensemble de ces ρߋst sont incontestablement plaisants


  9. February 16, 2015 9:28 pm

    What i do not realize is actually how you’re no longer really much more neatly-liked than you may be right now.
    You’re so intelligent. You realize thus considerably in the case of this subject, produced me individually imagine it from numerous
    various angles. Its like women and men don’t seem to be involved unless it’s something to do
    with Woman gaga! Your individual stuffs
    outstanding. Always handle it up!


  10. March 3, 2015 6:43 am

    Goood waay of telling, and pleasant piece of writing to tske data abou my presentation subject matter, which i
    am going to conve in university.


  11. June 13, 2015 3:44 am

    Thanks in favor of sharing such a good thinking, piece
    of writing is pleasant, thats why i have read itt completely



  1. Simply Thankful « Kecia Speaks of Real Estate & Home Life

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: