Housing Market Making A Comeback

April 1, 2011 by  
Filed under Housing Market Making A Comeback

Housing Market Making A Comeback

In a recent study conducted by Metrostudy, data has been compiled revealing a reversal of the new home overload that helped sink the market a few years back.  The study has concluded that, in the 41 cities covered, the number of houses that are either vacant, in construction or for sale has decreased almost by almost one fourth.  People are buying houses again, and seemingly, less people are being forced into foreclosure.

Also helping the housing market is the fact that now, some foreclosed houses are being rented out instead of sold.  Because more people are renting, and less are buying, the idea is working to lower housing vacancy and thus keeping the resale value of existing houses from dramatically depressing.

Now this doesn’t mean to finally sell your house after holding off for so long.  What it does mean is that the turn around might be finally happening.  Of course, the problem is that everything is constantly changing, and just as the market begins to make a comeback, it can easily begin to slip away once again.

Housing Assist Coldwellbanker