I was reading up on a blog post on Active Rain and it seems my thoughts have been stolen from my brain and posted to the web. Yep, it seems that my concensus of the market is being felt around the nation. I’ve been saying since Novemeber that the local real estate market has been on fire. Homes have been flying off the rack like it’s a Black Friday sale.
The results of the aforementioned ActiveRain survey shows that agents predict robust growth in the U.S. real estate market and the U.S. economy as a whole in the upcoming year:
84 percent of agents believe that real estate values and the number of real estate transactions will increase in 2013.
77 percent believe that new construction starts will continue to increase.
74 percent believe that their local economy will improve in 2013 compared to 2012.
No market is expected to see a decline in home values or real estate transactions in 2013. Contrast this with 2012 when one-third of the markets expected to see house values decline.
The 2013 increase in industry confidence is particularly dramatic when compared to the 2012 survey. Last year, industry insiders believed real estate values and new construction starts would be flat, but the number of real estate transactions would increase slightly.
This is great news for sellers. The market is continuing to see an increase in sales price especially in Mandeville la and Covington la home sales.
If you are interested in selling your home in St Tammany, Tangipahoa, Jefferson, or St Bernard parish give us a ring today. Brett and I have been going on listing appointments left and right due to the increase in this market. Don’t miss your perfect opportunity to finally get relief from the post-Katrina market.
Author: Tiffani Robin
Dated: March 12th 2013