Donna Yates, Move 2 North Georgia.net: Positive Housing Attitude but Normal Levels May Still be Years Away

Positive Housing Attitude but Normal Levels May Still be Years Away

 

Donna Yates Real Estate

Consumer confidence in the housing market has trended upward significantly during the recovery but continues to be less than needed to reutn to "normal" housing levels according to results from Fannie Mae's June 2014 National Housing Survey. 

 

On average, consumers' 12 month home price change expectation remained in positive territory in June at 2.4% but dipped slightly from the previous few months, likely in response to a lackluster housing picture in the first half of the year.

 

Many consumers believe mortgage rates will go up in the next year. Consumers appear positive overall but market indicators reflect a more subdued housing market, underscroing that the recovery continues but is not yet robust.  

 

Normal residential housing levels are not expected before the end of 2016.  Real Estate markets are local, contact me today to find out the latest on your home's value and what current market conditions are in our neighborhood.  

 

Thinking about selling?  

Don't delay - inventory is low which bodes well for sellers.

Call, Text or Email me and let's get started.  

 

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Donna Yates
Associate Broker, GRI
706-633-0644 Mobile
Serving North Georgia Mountains and Metro
Metro Brokers - Better Homes and Gardens Real Estate
706-515-7500 Office

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Comment balloon 4 commentsDonna Yates • July 09 2014 06:13AM

Comments

Donna - Sometimes it feels like the real estate market is like predicting the weather.  It may look like this will happen however in truth that happens.  It is said that the weather people are happy with an 80% correct prediction rate.  Have to agree, being right 80% of the time about the weather is good.  Have you ever felt that clients expect us to be right 100% of the time and have all the answers, even to situations we have no control over.   How can we know what is going to happen in the future?  All we know about is what is happening now.  Thanks for the blog.

Posted by Steve Ewing - Keller Williams Realty (Keller Williams) about 4 years ago

Steve:   I dusted off my crystal ball once, but it didn't make much difference! I understand that clients may expect us to know more than we can actually know but in a way, that's a compliment I think, because they look to us for our expertise.  I think most people understand that we can't predict the future any more than the next person but we do have a better handle on trends that might provide insight.  Thank you for your comment.

Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) about 4 years ago

We are seeing some Scarcity in some of our price points which is slightly increasing prices ! Good news for this blog post -  http://actvra/4hVj. 

Posted by Michael J. Perry, Lancaster, PA Relo Specialist (KW Elite ) about 4 years ago

Hi Michael:

Yes good news in one way in that consumer confidence is improving but not so good news if the projection comes true that recovery is not expected until the end of 2016! Ouch.

Posted by Donna Yates, Blue Ridge Mountains (BHGRE - Metro Brokers) about 4 years ago

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