Brought to you by Timeless Treasures Antique Mall
Tuesday, April 10, 2012
From BuyersUSA Relocation.
As of March 2012, there are still mixed signals for the US real estate market. According to figures provided by the National Association of REALTORS in Chicago, existing home sales remain relatively flat with a -0.9% decline between February and March. However, year-to-year sales are significantly up. There was an 8.8% gain between 2011 and 2012. These numbers are seasonally adjusted. When non-seasonally adjusted numbers are used, there was a strong month-to-month gain of 10%.
Regionally, it appears that the strongest recovery is occurring in the Northeast and Midwest. The South is showing steady improvements. The West is recovering slightly slower than the rest of the country.
The other major factor is existing home prices. In general, they remain relatively flat as well. The year-to-year increase was only 0.3%. Prices should be expected to show some seasonal movement upward between now and August.
On the economic front, the official US unemployment rate dropped to 8.2% for March. Although last week’s job report show that employers only added 120,000 jobs in March, which was disappointingly below the prediction, the US economy is steadily adding jobs. US Consumer Confidence, which drives about 70% of the economy, is back on the rise. There is little talk now that the European debt crisis or a slow down in China will drag us back into a recession. In fact, the widely held belief is that the US economy – not China – will once again be engine that will drive the world economy for the near future.
The continued overhang of foreclosures and unusually tight lending standards remain a drag on the recovery of the real estate industry. Of course, continued good news on the employment front, which will be bolstered by consumer confidence, should help local buyers return to the market.
The revival of the relocation segment of the real estate market should be occurring soon. When employers re-employ their former workers and tap the remaining local unemployed workforce, focus should return to hiring out-of-town labor. And, there will be an increased interest in new plant openings and further retail development. Those who are delaying relocation due to their inability to sell their current homes, will soon have more options as local buyers increase their activity. As more loans are made, lenders will have more options as their risk will be spread over more loans and thus be somewhat reduced.
There has been a steady increase in real estate advertising over the past couple of months. In general, we have seen an improved interest by real estate companies and agents in finding new customers. This trend, however, is growing faster than the rate of existing home sales – which is a lagging indicator of future growth. This may be better explained by a significant increase in pending sales both month-to-month and year-to-year as reported by NAR.
Barring any unforeseen economic disruption, our conclusion at this point is that the real estate market has been showing the nascent signs of a modest recovery over the past few months. This should portend well for the rest of 2012. We anticipate that seasonal summer sales will show a marked improvement over the past four years.
Keywords: US real estate, relocation, homes, buyers
Visit It's Your Life with Tim Brunson
There currently are no approved comments for this blog article. To join the discussion click here.
Wednesday, January 8, 2014 - Jim Epik -- It's Your Life, Friday, 8 AM CST
Wednesday, December 4, 2013 - Dangerous Dogs
Thursday, November 7, 2013 - Never give up – Lessons from a mouse
Thursday, November 7, 2013 - Tom North – It’s Your Life Guest – 8 a.m. CST, November 8
Wednesday, October 30, 2013 - Dilshad Dayani – Guest Friday on It’s Your Life
Tuesday, October 15, 2013 - Dr. Hillary Chollet - Guest - It's Your Life, Friday, Oct 18
Wednesday, October 9, 2013 - Leah Carey --It's Your Life guest Oct 11, 2015
Wednesday, October 2, 2013 - Living with dogs
Tuesday, October 1, 2013 - David Reddick -- It's Your Life, October 4
Tuesday, September 24, 2013 - Froswa Booker-Drew – It’s Your Life Guest, Sep 27, 8 AM
Tuesday, September 17, 2013 - Jim Stevens, It’s Your Life guest, Friday, September 20.
Tuesday, September 10, 2013 - Donna Mae DePola is my guest this week on It’s Your Life
Tuesday, September 3, 2013 - Christine Clifford guest this Friday (Sep 6) on It's Your Life
Monday, August 26, 2013 - Alexandra Chauran, It's Your Life guest, Friday, Aug 30
Monday, August 26, 2013 - Homelessness in NE Alabama
Monday, August 19, 2013 - Chris Vaca – It’s Your Life guest Friday, August 23
Monday, August 12, 2013 - Katy Larsen -- Guest 8 a.m. Friday, It's Your Life
Monday, August 5, 2013 - Pat San Pedro – Guest on It’s Your Life, Friday August 9
Wednesday, July 31, 2013 - Successful Failures
Monday, July 29, 2013 - Rita Flegel, Guest on It’s Your Life, Friday, August 2
Monday, July 22, 2013 - Anna McCarthy, It’s Your Life guest, July 26
Sunday, July 21, 2013 - College football banned in Alabama?
Saturday, July 20, 2013 - What we know about the Zimmerman – Martin case
Monday, July 15, 2013 - Suzanne Casamento -- It's Your Life - July 19
Friday, July 12, 2013 - The US education scam
Tuesday, July 9, 2013 - Attracting the love of your life
Friday, May 17, 2013 - For those who struggle
Friday, May 10, 2013 - Technology redefining our humanity
Thursday, May 9, 2013 - Terrorism makes us do dumb things
Wednesday, May 8, 2013 - This is a bunch of bull
Wednesday, May 8, 2013 - Schools, education, and creativity
Tuesday, May 7, 2013 - The arts and high school drop out rates
Saturday, May 4, 2013 - Are we predictable?
Saturday, March 23, 2013 - Increasing your protection against hackers
Friday, March 22, 2013 - The computer hacker next door
Thursday, March 21, 2013 - U R hacking my computers!
Thursday, March 14, 2013 - Living in an illiterate nation
Thursday, March 14, 2013 - New Pope good for Christianity and the world
Friday, November 16, 2012 - Help with stress
Saturday, November 3, 2012 - My Batteries Unlimited Experience
Thursday, July 26, 2012 - Everyone needs self-promotion
Friday, July 13, 2012 - Law enforcement and community transformation
Thursday, July 5, 2012 - Surviving your mid-life crisis
Friday, June 29, 2012 - Mind over matter in medicine
Thursday, June 21, 2012 - Career changes later in life
Thursday, June 14, 2012 - From tragedy to empowerment
Thursday, June 7, 2012 - Change your focus, change your brain
Thursday, May 31, 2012 - Lessons about life from those who are dying
Thursday, May 24, 2012 - Surviving a mindless marriage
Thursday, May 17, 2012 - The impact of the mind on breast cancer survival
Thursday, May 10, 2012 - Providing Chiropractic care to the Hispanic population
Thursday, May 3, 2012 - Dating and lasting romantic relationships
Thursday, April 26, 2012 - Using relaxation to increase concentration
Monday, April 16, 2012 - “It’s Your Life” on WDNG
Tuesday, April 10, 2012 - US Real estate wrap up for March 2012
Saturday, April 7, 2012 - Medical care: When the risk is greater than car accidents and gunshots
Wednesday, March 28, 2012 - Affecting insomnia without the use of pills
Wednesday, March 28, 2012 - Common sense economics
Wednesday, March 28, 2012 - A psychotherapist as an enabler
Wednesday, March 28, 2012 - Irritable Bowel Syndrome and mental health
Wednesday, March 28, 2012 - Playing good-cop or bad-cop as part of effective parenting
Wednesday, March 28, 2012 - Do Professional Certifications REALLY Matter?
Tuesday, March 27, 2012 - Can Financial Incentives Motivate Older Adults to Achieve Fitness Goals?
Tuesday, March 27, 2012 - Teaching manners to kids and the development of empathy
Tuesday, March 27, 2012 - You vs your co-worker: How to win disputes at work
Monday, March 26, 2012 - The challenge of smoking cessation
Wednesday, March 21, 2012 - Existing home sales drop in February
Tuesday, March 13, 2012 - Hypnotherapy and fibromyalgia
Monday, March 12, 2012 - US Real estate wrap up for February 2012
Friday, March 9, 2012 - February unemployment did not drop
Sunday, February 26, 2012 - Hypnosis for Weight Loss
Tuesday, February 21, 2012 - The Politics of Stupidity
Friday, February 10, 2012 - A simple formula for change and transformation
Wednesday, February 8, 2012 - Greed is not Always Good
Sunday, February 5, 2012 - Stopping smoking habits can be difficult
Saturday, February 4, 2012 - Calhoun County’s Vulnerability to Federal Handouts