{"id":3659,"date":"2012-09-24T12:49:45","date_gmt":"2012-09-24T12:49:45","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=3659"},"modified":"2012-09-24T12:49:45","modified_gmt":"2012-09-24T12:49:45","slug":"housing-recovery-a-good-week-for-it","status":"publish","type":"post","link":"http:\/\/www.anthonydidonato.net\/wordpress\/housing-recovery-a-good-week-for-it\/","title":{"rendered":"Housing recovery… A good week for it!"},"content":{"rendered":"

Housing recovery… A good week for it!<\/h2>\n
\"Housing<\/a>

Housing recovery… A good week for it!<\/p><\/div>\n

The housing recovery<\/strong> showed signs of strengthening this week, as two new reports showed home sales and prices on the upswing.<\/h3>\n

Existing-home sales have soared nearly 8 percent from a year ago, the National Association of REALTORS\u00ae reported this week proving the Housing recovery<\/em> is on the upswing. Meanwhile, the new-home market also is showing signs of recovery, with starts rising 29.1 percent over year-ago levels, according to the Census Bureau.<\/p>\n

What\u2019s more, home builders are getting more confident about the\u00a0Housing recovery<\/span> market with recent sales, future sales, and buyer traffic. Home builder confidence reached its highest level since the housing-boom time of June 2006, according to this month\u2019s index of home builder sentiment.<\/p>\n

Also this week, fixed-rate mortgages this week were at all-time record lows or near it, helping to keep home buyer affordability high, Freddie Mac reported in its weekly mortgage market survey.<\/p>\n

With a drop in inventory of for-sale homes nationwide, many markets are also seeing an increase in home prices. The median home price is $187,400, a 9.5 percent increase over year-ago levels. Also, \u201cthat marked the sixth consecutive month of price increases, the first time that has happened since May 2006, near the very peak of the housing price boom,\u201d CNNMoney reports.<\/p>\n

\u201cWe have a real housing recovery taking root, and that has positive implications for the broader economy,\u201d Sal Guatieri, senior economist at BMO Capital Markets, told the Associated Press. \u201cIf home prices continue to rise, so, too, will household wealth and consumer confidence.\u201d<\/p>\n

Source: \u201cHousing Recovery Blossoms<\/a>,\u201d CNNMoney (Sept. 19, 2012) and \u201cHousing Recovery Stirs in August<\/a>,\u201d Associated Press (Sept. 19, 2012)<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Housing recovery… A good week for it! The housing recovery showed signs of strengthening this week, as two new reports showed home sales and prices on the upswing. Existing-home sales have soared nearly 8 percent from a year ago, the National Association of REALTORS\u00ae reported this week proving the Housing recovery is on the upswing. … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-3659","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nHousing recovery... A good week for it! - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Housing recovery... A good week for it! 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