Real Estate Report Sees Home Prices Rise, Sales Increase — In St. Louis, too!!
Real Estate values and sales seem to be on the rise
Clear Capital Report sees home prices rise across the country when analyzing quarterly results. The report sees home value gains in all regions of the country, averaging out to 5%, with the Midwest gaining the most at 11.2%. The real estate improvements are linked with summer being a buying season, increased investment opportunity and the previous large drop in home values.
The second quarter of 2009 followed a period of extremely low real estate activity, couple that with tax incentives, low mortgage rates and reduced home values, and the evidence of a true buyer’s market became omnipresent. Acquiring a mortgage is probably still the most difficult part of the home buying process but money is strating to loosen. Increased sales volume indicates an improvement in the real estate sector, a welcome sign for a beleaguered economy.
For a complete look at the Clear Capital report click here.
Want to be part of the solution to the real estate bust? Search St. Louis homes and call 314 267 2636.
Category : Home Buyer and Seller Tips
