Housing market expected to slowly recover
Posted on Wednesday, May 9, 2012 at 4:49:45 PM
According to the National Association of Home Builders (NAHB), the housing market will mirror the uneven recovery of the nation’s overall economy. While housing numbers are expected to be volatile on a month-to-month basis, they are also projected to make improvements along the way as the year progresses.
"The economy is in an uneven recovery and we can expect some corresponding ups-and-downs in the housing market in the months ahead. However, NAHB believes that on the whole, we can expect a slow and gradual recovery in housing starts, home sales and the overall housing market in 2012," NAHB chief economist David Crowe said.
Potential homebuyers can take advantage of this uneven recovery by purchasing a property with residential financing. They may expect its overall value to improve by the end of the year. Homeownership is an investment for the future - consumers may wish to consider buying up a property that fits their needs at this opportune time.
Consult with a local real estate expert or search the MLS listings in a local metro area to find the best deal.