Homes condos Montgomery Md Rockville Gaithersburg Germantown, Short sale foreclosure expert: April 2012

Spring 2012: Real Estate Growth Expectations

Spring Season

Expectations Rising for

Housing Market's Spring Season


By Julie Schmit  04/02/2012 USA Today

The spring home-selling season could be the strongest in years and may foreshadow which markets will lead a battered housing industry in an anemic recovery, economists say.

"This spring will be the litmus test for housing demand," says Steven Ricchiuto, chief economist for Mizuho Securities USA.

The spring season typically runs March through June but may have started early this year because of unseasonably warm weather.

While last year was dismal for existing home sales, this year is looking better. Existing home sales in February were up 9% from the same time a year ago, as was the Pending Home Sale Index, which reflects signed contracts leading to sales, says the National Association of Realtors.

Meanwhile, Realtors' confidence in the single-family home market is the highest in four years, according to a late February NAR survey of 4,300 agents. Coldwell Banker says its website's traffic was up 47% in February from last year.

This spring season "will be the best in four or five years," says economist Paul Dales of Capital Economics.  Read More >


Spring Outlook: Reports from the Field Suggest Better Days Ahead




By CARRIE BAY 04/02/2012 DSNews.com

Despite the fact that key market indicators released in recent weeks have shown declines in home sales, anecdotal reports from real estate agents in the field suggest “better days are ahead for the industry,” according to commentary released Monday by the economic team at Wells Fargo Securities, LLC.

Even builders – who’ve endured possibly the steepest drop-off in business over this downturn – are optimistic heading into the spring, the economists note.

As a result, Wells’ economic team has nudged its forecast for home sales slightly higher, as the spring selling season appears to have gotten off to a strong start. They are now expecting sales of existing homes to top out at 4.50 million in 2012 and rise to 4.65 million in 2013. These annual projections compare to 4.26 million existing homes sold in 2011.

“While employment conditions have clearly improved and consumer confidence and spending have risen, we remain concerned about the lack of real after-tax income growth.

That said, the anecdotal evidence is hard to dismiss,” the economists write.

Most real estate agents are reporting “significant gains in buyer interest and sales,” and these gains are organic rather than incentive induced, according to the Wells Fargo economic team.  Read More >


15811 Radwick Lane Silver Spring, MD

15811 Radwick Lane Silver Spring, MD









To search an entire database of homes for sale in real-time with photos, descriptions, and community information, visit my website:www.premiermarylandhomes.com

 

Rick Reed, G.R.I., CDPE- Certified Distressed Property Expert 

Assoc. Broker/Owner "The Congressional Team" RE/MAX

Licensed in MD & Wash DC

8937 Shady Grove Court
Gaithersburg, MD 20877
Cell: 301-742-1172
Office: 240-403-0399 X306

http://www.premiermarylandhomes.com/


Can I help a friend or family member with their Real Estate needs?  You can count on me!

Comment balloon 3 commentsRick Reed • April 26 2012 09:54AM
Spring 2012: Real Estate Growth Expectations
share
Expectations Rising for Housing Market's Spring Season By Julie Schmit 04/02/2012 USA Today The spring home-selling season could be the strongest in years and may foreshadow which markets will lead a battered housing… more
Rental Market: Rising Rents in the U. S. Possibly Creates a Rental…
share
Are Rising Rents in the U. S. Cause for Concern? The Real Deal, South Florida Real Estate News Rent prices increased 3 percent nationally year-over-year in January, CNBC reported based on a not-yet-released rental… more
How to Use Outdoor Space To Sell Your Home
share
How to Use Outdoor Space to Sell Your Home Zillow Posted Mar 28th 2012 4:50PM Humorist Fran Lebowitz once wrote, "The outdoors is what you have to go through to get from the apartment into the taxi… more
First Time Homebuyers: 5 Things Your First Home Must Have
share
First Time Homebuyers: 5 Things Your First Home Must Have You've decided it's the right time to buy. Here's what to look for in your starter house to make sure it's the right one and to maximize its resale value. &… more
Rental Income is a Better "Return on Investment" than…
share
Investors Are Looking to Buy Homes by the Thousands By MOTOKO RICH Published: April 2, 2012 RIVERSIDE, Calif. — At least 20 times a day, Alan Hladik walks into a fixer-upper and tries to figure… more
Family Fun Events for April 2012
share
Family Fun Ideas for April 2012 March 31, April 1, 5, 6, 7, 9, 14 & 15, 2012 (closed Easter Sunday ) Butlers Orchard 17th Annual Bunnyland : –9am-3pm An Eggstravaganza of fun! Bring your basket and take a hayride in… more