According to the Daily Real Estate News, new home building is up in May. The Commerce Department reported Tuesday that groundbreaking for single-family homes edged up 3.2 percent in May, reaching its highest level since December. Single-family construction is now up 26 percent from year ago levels, as the new-home market continues to inch toward recovery....
The Daily Real Estate News for Tuesday, June 05, 2012 reports that there are signs of a Seller’s market developing in housing. They report that although it has been mostly a “buyer’s market” in the majority of housing markets for the past few years, more Americans are seeing the home buyers’ advantage slipping away. According to the article, more Americans are reporting increased optimism when it comes to selling a home with about 28 percent of Americans saying now is a good time to sell, inching up from 13 percent last quarter. Nearly 60 percent of the survey’s respondents say they think prices will rise this year, up from 34 percent last year. Seventy-one percent of the respondents surveyed also said they are seeing more bidding wars and multiple bids on homes.
At North Eastern Group Realty in Fort Wayne, IN, REALTORS® are experiencing the same positive signs. Many buyers say record-low interest rates and increased housing affordability has made buying more attractive. In fact, a shortage of inventory may actually cause buyers to hold off on buying.
At North Eastern Group Realty, we are prepared to assist our clients with their significant Fort Wayne real estate decisions. Our corporate commitment is to provide real knowledge, proven experience and professional, quality service. To search all Fort Wayne homes for sale or find a Fort Wayne REALTOR, visit our website at NorthEasternGroup.com.
North Eastern Group Realty is Fort Wayne’s largest independent real estate company located at 10808 La Cabreah Lane, Fort Wayne, IN 46845.