REALTORS across the nation are pointing out that upon the
completion of their recent transactions, they are now experiencing
constant or even higher prices than usual. Any stabilization across
the Nation is an ever so positive thing when it comes to the values
homeowners are getting upon the sale of their property. It was just
yesterday when we reported about how homeownership is looking
very constant and strong itself in this Country. Now knowing
that prices are also following this constant or increasing trend
and that there is Nationwide consistency, it is an extremely
positive thing. Moreover, it shows that although places like
Massachusetts are faring very well in this Real Estate recovery,
other markets are also no longer experiencing such a tragic
downturn in the business.
The REALTORS Confidence Index just days ago released data that
shared results from a survey in which Realtors from across the
United States partook in. It was determined that a whopping 69% of
these individuals were seeing constant or increasing prices, which
we must add is higher than Julys same combined figure of 64%.
Breaking it down it becomes clear that 30% of this group are
realizing constant prices, while 39% are sharing that there are
price increases in their area. Of those with price increases, 5% of
them even pointed out that the extent of these increases is on
average more than a 10% improvement. These are remarkable numbers
to say the least when considering where we were not too long ago
during the economic recession.
More Information: National Association of
Realtors