Sunday, April 1, 2012

Spring Home Buyer Season in Full Bloom

The warm weather of spring and summer has kicked in early this year, causing the home buying season to begin. February already beat last year's home sales by 9 percent, and the National Association of Realtors predicts it will continue to rise. In fact, the 4,300 real estate agents surveyed in February showed that single family home market confidence is at its best since 2008.

Home prices are fluctuating throughout the nation but many metropolitan areas seem to be rising and are predicted to continue on this path. According to Standard and Poor's Case-Shriller index of 20 U.S. cities: Denver, Phoenix and Detroit all showed annual home price gains.

The home buying spring season that typically spans from March to June started early this year and can been seen through the 25 percent of home bought in February by investors. It appears that more home buyers who have been waiting to sell due to home values and pricing have stepped into the market.



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