Sales and Not Prices are the Major Indicator of Housing Recovery

It’s the volume of houses sold and not the prices of the houses. That, according to a recent article at finance.fortune.cnn.com, is the proper metric for determining if a housing recovery is underway, as many economists in recent months have been saying. 

That bodes well for the real estate sector and the agents themselves who have a real estate license or a real estate continuing education—whether that’s a Florida Real Estate License or a South Carolina real estate CE—who have been pining for a housing recovery since the sector’s death spiral in mid-2006.

Low Mortgage Rates Unchanged Following New Jobs Report

The U.S. government has supplied the latest proof that economic recovery is underway: approximately 227,000 new jobs were created in February 2012 while the unemployment rate remained steady at 8.3 percent. Reacting to the news, home mortgage purchase applications increased 4.4 percent for the first time in more than a month, revealed a Mortgage Bankers  Association survey.

For the real estate sector and for the agents themselves who have a real estate license or a real estate continuing education—whether that’s a South Carolina real estate CE or a California real estate CE—that points to increasingly more opportunities as the market gradually normalizes for business.

More Signs of Recovery as Housing Supply Hits Lowest in 6 Years

The housing market is now slowly but surely moving toward recovery as positive signs continue to accumulate. The latest, the report from U.S. Commerce Department, says that despite a slight dip in new-homes sales in January, the supply has been the lowest in six years.

For real estate agents who hold a real estate license or a real estate continuing education—whether that’s a Texas MCE —that is definitely yet another bit of good news.