In the news this week we had a lot of evidence that things are starting to improve for the national housing market:
- New home sales up 3.6% in July 2012 over June 2012 to a two-year high (source: National Association of Home Builders)
- Existing home sales up 2.3% in July 2012 over June 2012 (source: National Association of Realtors)
- Permits for new construction up 6.8% in July from June numbers (source: National Association of Home Builders)
- National median home price up 9.4% in July 2012 over July 2011 (source: National Association of Realtors)
- Builder confidence up (source: National Association of Home Builders)
- House prices increased 1.8% from 2012 Q1 to 2012 Q2 (source: Federal Housing Finance Agency)
National trends are so general that they don’t have a direct impact on local housing markets, but they are good to keep an eye on. For more information about how a particular sector of the real estate market is trending (e.g., $500-700,000 4 bedroom homes in Tewksbury, 2 bedroom/2 bathroom condominiums in Bedminster), contact Leaf, Realtors® at 908-975-9756.
