Good News For Montgomery AL Real Estate
Perhaps the person who coined the maxim “Good things come to those who wait” had owners of Montgomery AL real estate in mind, for after a long period of struggling and unpredictability, the housing market is finally touting some good news.
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Results from Fannie Mae’s September 2012 National Housing Survey show Americans’ optimism about the recovery of the housing market has grown, bolstered by a series of mortgage rate decreases throughout the summer. Consumer attitudes about the economy also improved substantially last month.
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According to Kiplinger, sales of new and existing homes are climbing: 20% for new homes this year; 18% next year. For existing homes, a 2% gain in 2013 will follow about an 8% jump in 2012.
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What's more, if the increases seen in the first nine months of the year continue through the remainder of the year, 2012 will be the first year of rising home prices since 2006. On the current projections pace, prices will rise almost 4 percent by the end of the year, according to Trulia's, ending several consecutive years of painful declines in Montgomery AL real estate.
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Rising home values have brought homeowner equity to its highest level since the third quarter of 2008 and helped lift 1.3 million families above water. Homeowner equity jumped $406 billion, or t5.9 percent, to $7,275 billion in the second quarter of 2012. After a sharp first quarter rise, total equity has grown to $863.
- The national median price for existing homes grew to $187,400, up 9.5 percent from August 2011. The increase was the strongest since January 2006 when the median price rose 10.2 percent from a year earlier. The number of underwater borrowers has declined by 11 percent since the end of the year, down from 12.1.
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Sandra Nickel and the Hat Team have distinguished themselves as leaders in the Montgomery AL real estate market. Sandra assists buyers looking for Montgomery real estate for sale and aggressively markets Montgomery AL homes for sale. Sandra is also an expert in helping families avoid foreclosure through short sales and is committed to helping families in financial hardship find options. For more information you can visit AvoidForeclosureMontgomery.com.
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