Positive trends mark U.S. housing market
Posted on Monday, February 10, 2014 at 9:43:38 AM
Recent opinions of the U.S. housing market have been relatively positive, although experts still warn people to be cautious as the country emerges from one of its largest financial recessions in history.
According to the U.S. Department of Housing and Urban Development and the U.S. Department of the Treasury's Obama Administration Housing Scorecard, there are a number of encouraging signs across the real estate segment. For example, existing home sales have been improving and foreclosures have declined. Better yet, many homeowners have found themselves with increasingly more equity as the months progress.
However, it is important to note that the U.S. is still in a fragile position following the Great Recession. This is especially true when it comes to real estate, and those involved with homebuying, selling and residential financing should be cautious as they move forward.
In addition, the Motley Fool explained that another positive trend in real estate is new home construction. These levels have been on their way up throughout 2013, and that could be a pretty solid indicator of a return to normal. This is because builders only increase activity when there is ample demand, and that means more buyers are returning to the market.