Real Estate Industry Experts are agreeing that the United States Housing Market Reaches a Turn Around in 2012
News Briefing c/o of www.RealEstateMentor.co and Dr. Howard Edward Haller,
CEO, Real Estate Mentor Co. “Doc” Howard Haller is a recognized US Real Estate Mentor & Commercial Real Estate Expert, Residential Real Estate Expert, Probate Real Estate expert, Professional Real Estate Keynote Speaker, Real Estate Investor, Commercial Real Estate Developer, Licensed California Real Estate Broker (over 25 years), and Licensed California General Contractor for 20 years
National Association of Realtors & Harvard University’s Real Estate Industry Experts reports are encouraging in June 2012.
The statistics from the NAR in May 2012 are encouraging after a slight down turn in pending home sales in April.
According the NAR in late June 2012, “Pending home sales bounced back in May, matching the highest level in the past two years, and are well above year-ago levels, according to the National Association of Realtors®. Both monthly and annual gains were seen in every region.”
These recent short term gains are a good sign, but not every real estate market has recovered in the US.
The National Association of Realtors chief economist, Lawrence Yun, stressed that the longer term comparisons are more relevant. “The housing market is clearly superior this year compared with the past four years. The latest increase in home contract signings marks 13 consecutive months of year-over-year gains,” he said. “Actual closings for existing-home sales have been notably higher since the beginning of the year and we’re on track to see a 9 to 10 percent improvement in total sales for 2012.”
In late June the NAR noted that there is a limited supply of homes for sale in many housing markets buy home sales are still ahead of 2011 and home prices have a sustained increase across the US over last year.
Harvard University’s Real Estate Industry reports are encouraging in June 2012
Harvard University’s Joint Center for Housing Studies released its annual State of the Nation’s Housing report for 2012 and it’s finding agree with the results reported by the NAR’s Chief Economist Lawrence Yun in June 2012 at the a CRE conference.
The Harvard University’s Joint Center for Housing Studies Harvard University’s Joint Center for Housing Studies report states that there is an increasingly strong market fundamentals and projects that there will be a materially improvement in the real estate in 2012 and 2013.
As a Real Estate Investor, Real Estate Mentor and Licensed Real Estate Broker it is encouraging news after seven years since the US housing bubble burst now many of the real estate markets have home prices trnding up! Dr Howard Edward Haller
Dr. Howard Edward Haller –
Real Estate Mentor, Real Estate Keynote Speaker, Entrepreneurship Speaker
Commercial Real Estate Investor, Commercial Real Estate Broker
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