San Diego, CA (PRWEB) July 27, 2012
Venture capitalist Tobias Nergarden issued his statement regarding the improvements seen in the real estate markets at both the local and national level yesterday and that his analysis is that this may help real estate agents because home sales have spiked 14 percent compared to last year.
Real estate agents across the United States have seen improvements in their markets throughout the spring and summer and have reported positive feedback from both buyers and sellers. The recent Prudential Real Estate Outlook quarterly survey found that the majority of consumers polled expressed confidence in the real estate market and property values.
The Prudential survey also revealed that most consumers think that real estate is a sound investment despite the instability the market has shown over the past few years. Realtors are also looking more positively upon the housing market in the United States as housing affordability is at an all-time high – prompting more potential buyers to act.
Property sales are expected to rise for the rest of the summer and into the fall as the market in the U.S. is returning to normal and because more people are looking to buy homes based on traditional rationale – to raise families and to build futures. It should come as no surprise that the emotional side of owning a home outweighs the financial reasons for home ownership.
More affordable homes and historically low mortgage rates along with a slowly improving economy will prompt more people to buy homes. That eventually will drive up property values, even though it may take several years for home values to recover to pre-recession levels.
About Real Estate Marketing Insider:
Real Estate Marketing Insider provides online tips to real estate professionals regarding hot news, trend analysis, and marketing strategies. This publication is run by Tobias Nergarden, a real estate professional, based out of La Jolla, CA.