Homes are Selling, Consumer Confidence Returns
Posted by Breckenridge Associates Real Estate onEarlier this year, 100 major real estate brokers from around the country reported first quarter gains in number of transactions and dollar compared to the same period as last year. The historically low interest rates, along with buyers’ gaining confidence in the market place, is sending the real estate market upwards. This kind of confidence has not been seen in the last five years.  According to Lawrence Young, a member of the National Association of Realtors (NAR) and chief economist, “Since the majority of families in America are homeowners, a rise in home value certainly lifts their confidence, which in turns helps the economy as people feel more comfortable spending their money. It’s all good news in housing, and I think the momentum will…
1148 Views, 0 Comments