Now it’s Our Nation’s Turn to Hear Some Good Real Estate News!

If you are an avid reader of my blog, you’re used to seeing me report about how real estate in the Katy/Houston/Richmond areas is thriving.

Unfortunately, other parts of the United States have not fared so well during the economic crisis that caused havoc on the nation’s housing market.

Things are changing, around the nation. I’m starting to get reports of how other parts of the country are seeing true recovery in their real estate markets. One example of the recovery that is being reported from media outlets throughout the country is from the S&P/Case-Shiller national home price index, which encompasses the majority of the housing market in the United States. This index is showing home prices rose 1.6% in July. While this might not seem like a huge increase to us in the Houston area, it’s great news for other areas of our nation.

Why is the rest of the nation starting to see this recovery? Well, record low mortgage rates and a reduction in inventory are major factors. Also the Fed plans on buying $40 billion in mortgage bonds. These as well as many other factors are helping to put our nations real estate market back on track.

Leave a Reply