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Upward Housing Trends: The Numbers Show Positive Gains

December 3, 2012
From Loan Officer Shellie Sexton

From Loan Officer Shellie Sexton

The latest housing reports have good news for the real estate market, and that’s also great news for your customers and your business.

The S&P/Case-Shiller, the leading measure of US home prices, has reported that housing prices have risen 3% nationally for the 12 months ended September 2012. That continues six months of year-to-year gains in market price, and it’s also the biggest rise in value since July 2010.

Of the 20 cities the index tracks, 18 showed a rise in market prices over September 2011, with just Chicago and New York reporting declines.

These encouraging numbers are also supported by other housing data.

Trulia, in it’s own reporting, has said that home sale volume is back to about 59% of its normal pace – more than halfway. Concurring with that trend are numbers from the National Association of Realtors. NAR’s Chief Economist, Lawrence Yun, confirms that slowing rising home prices have led to an increase in total homeowner equity by $760 billion so far this year.

So what does this news mean for you?

It will be more critical than ever to have a plan in place to capture this growing activity, particularly as the year ends and 2013 begins. There are many ways to partner with your loan officer to take advantage of the growing numbers of homebuyers. Call today to find out about how to leverage this opportunity into closed deals.

MarketWatch – WSJ.com, Realtor.org

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