With 109 of 146 markets posting gains in April, the price recovery is widespread.
Chicago, IL (PRWEB) April 25, 2014
There is good news for spring home buyers, the market is finally picking up. As shown on MSN.com, for-sale inventory has climbed 4.1% to 1.75 million units in April, making lenders like Peoples Home Equity shares optimistic about U.S. real estate this coming summer. While the problem in most areas used to be a shortage of inventory, it now seems that the problem is starting to correct itself with more sellers listing homes and making it a trend that is expected to continue through the fall as well!
Up until now, Dallas has been is the strongest real estate and the most suitable one in the country. The average list price in Dallas went up for 9.5 percent in the past year to $219.000 – 1.9 percent between March and April Alone. The homes stayed in the market for around 47 days.
With 109 of 146 markets posting gains in April, the price recovery is widespread. This April uptick in inventory covers many shortfalls that existed in some markets. The rise of the number of the home sold is also good news for sellers in terms of price, some homes are now selling before they even hit the market.
However, not all U.S. real estate markets have fully recovered from the housing bust because out of the 146 markets surveyed, 37 still continue to experience a decline. Yet, the lenders like Peoples Home Equity are happy with current progress. The lender has been encouraging prospective applicants to apply soon for a mortgage as its only matter of time when mortgage rates react strongly to the positive data releases in housing.
If interested in securing a competitive, lower rate mortgage, consider speaking with a Peoples Home Equity loan officer today details at: 262-563-4026