Housing remains hot. In today’s LA Times, Alejandro Lazo reports that a “tight housing supply and strong demand continued to fuel a robust market recovery in March, with the Standard & Poor’s/Case-Shiller index of 20 U.S. cities recording a 10.9% year-over-year increase (see chart, left). That was the strongest increase since April 2006.”
Over at HousingWire, Christina Mlynski talked to David Blitzer of the S&P Dow Jones. His take is that “other housing market data reported in recent weeks confirm these strong trends… At the same time, the larger than usual share of multifamily housing, a large number of homes still in some stage of foreclosure and buying-to-rent by investors suggest that the housing recovery is not complete.”
The upshot? This surging market has yet to run its course – and might not for some time. For help staying ahead of things, contact Tracy Do Real Estate. Our sellers get top-shelf representation, with maximum exposure for your property and ace transaction management. For our buyers, we’re having tremendous success connecting people to the beautiful homes they want and deserve. Don’t wait for the market to price you out or pass you by. Get in business with the very best: the friendly, experienced professionals at Tracy Do Real Estate.
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