Tyler, Texas (PRWEB) April 02, 2013
Lindale real estate news is improving with the Commerce Department recently reporting that a surge in January brought home sales to their highest level in four and a half years. Consumer confidence is also improving, revealing positive economic growth.
According to a report dated March 7, 2013, the Commerce Department reported that single family homes values increased by 15.6%, the highest adjusted annual rate since July 2008. The housing market hasn’t had an increase this large since April 1993. Additionally, according to the S&P/Case Shiller composite index of 20 metropolitan areas, home prices have seen an increase of 6.8%, which is the largest gain in more than six years.
In addition to these reports, consumer confidence is also at an increased level. In February of 2013, the Conference Board’s index of consumer confidence saw its biggest jump since November 2011, rising from 58.4 in January to 69.6 in February. Consumer confidence brings more spending, which could help in home values continuing to rise. The Commerce Department reported a 0.2% increase in consumer spending in January.
“An increase in consumer spending is good news in the real estate market,” according to Lindale REALTOR®, Kerissa Payne. “It is exciting news to continue to see positive growth trends for the housing market,” Payne said.
Kerissa Payne is owner of RE/MAX® Legacy, in Lindale, Texas. Payne is an active member of The National Association of Realtors, the Texas Realtors Association and the Greater Tyler Association of Realtors. RE/MAX® is the industry leader in total transactions, web visits and advertising.
For more information about RE/MAX® Legacy visit their website at http://www.kerissapayne.com or http://www.livelindale.com.
Notes to Editors:
RE/MAX® Legacy works with Texas Biz Solutions on their web and marketing development. To learn more about Texas Biz Solutions visit http://www.TexasBizSolutions.com.