Where Our Housing Market Stands

Where Our Housing Market Stands

You read the economic reports from NAR (National Association of Realtors) Cheif Economist Lawrence Yun, you listen to speaches on C-Span from economist like Jim Carr on the U.S. Market & Foreclosure, and you gather your own synopsis of the current housing market status.

Analyst generally consider a six month supply of existing homes to be a healthy balance of supply and demand. More than that indicates that sellers significantly out number buyers, which, puts a downward pressure on prices, thus making it a buyers market.

Yun has said that mortgage interest rates have been at a record low this year while rents have been increasing at faster rates.  These factors continue to unleash a pent-up demand.

Mortgage purchases and new constructions are up, however 70% of those mortgage purchases are tied to mortgage refinances. So the picture isn't as bright as it seems initially.  The economy is still in a very precarious position.  

Our housing market is in a much better place than it has been since 2006. That is no doubt. It could continue to increase to a more normal range if the job market improves. This will allow the opportunity for an increasingly equal supply and demand.


Jeremy Flax Headshot
Author:
Phone: 615-582-0909
Dated: August 29th 2012
Views: 8,434
About Jeremy: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

May 23 2018 53987 1 - Open House this Saturday from 11am
Shopping For A New Neighborhood - Shopping for a New
What Does A FHA Approved Condo Mean - What Does a FHA Approved Condo?
May 17 2018 53987 1 - Open House Saturday 05/19 

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

EXIT Realty of the South
701 President Place, Suite 150
Smyrna, TN
615-751-0944
615-625-7939

Other Locations