Great Article Regarding Housing Market Recovery in Your Local Area!

I just read a great article entitled "When Will Your Housing Market Recover?" This article goes into detail about how to find out if your own local market is recovering and where to find the information. They mention researching the supply of for-sale homes, median home prices and volume of homes sold, along with other information such as the foreclosure rate for your area. If you've read my blog for long, you know that I post good information about the DFW housing market with hard facts and statistics that can help you if you're not into doing your own research. Read this article though to educate yourself a little more on the process. As always, when you are ready to find that next great home at a great price, visit www.BWHomeTeam.com first and then request a showing from one of our great agents!

New U.S. Home Sales Rose by 11 Percent in June (from foxnews.com)

It looks like the real estate market is starting to pick up on a national scale!



The government says new U.S. home sales rose by the largest amount in nearly nine years last month, in another sign that the housing market is finally bouncing back after the worst downturn in decades.

Washington - New home sales in June posted the fastest increase in more than eight years as buyers took advantage of bargain prices, low interest rates, and a federal tax credit for first-time homeowners.

While prices are still falling, the figures released Monday were another sign the housing market is finally bouncing back. Earlier this month, the govenrment reported that new home construction rose to the highest level since last fall, and data out last week showed home resales rose almost 4 percent in June, the third straight month increase.

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