Housing Recovery’s “Hold” A Good Sign For Sellers
Owners who are looking to sell their homes can feel more hopeful than they have in years, according to a survey by the National Association of Home Builders and First American. A look at 350 metropolitan areas has revealed that the housing markets in over 50 metro areas have returned to or exceeded their position before the housing bubble burst.
The two organizations teamed up to create the Leading Markets Index, or LMI. Texas especially has seen growth in large markets like Austin and the surrounding areas. Houston is also on the uptake, but smaller areas such as Midland and Odessa have also seen improvement — twice as much, in fact — from pre-recession rates.
However, there’s still progress to be made. The LMI rates the country with .85, which means that it’s still not where it was several years ago. Nevertheless, sellers are looking at these housing recovery rates with a bit of hope, and if you’re in the market to sell your own in Danville or the broader San Ramon Valley area, contact the Zwahlen team to see how these improvements may benefit you. Also, with interest rates still very low, now is a great time to purchase a home. Barry and Brenda would love to help you find your ideal home.