Real Estate Market Update

Many local housing markets are hot right now, with multiple offer situations and bidding wars in markets that have the strongest house price appreciation and job growth.

Builders are expected to bring more homes to the market this Spring and Summer for the first-time buyer.  Property values are rising, which will help millions of homeowners get out from underwater, emerge from negative equity and enter the “for sale” market. Also, with continued employment growth and an expected increase in family incomes, this could lead to a more active real estate market.