Real Estate in West Orange
Marsha Bowen Washington
973-510-0014973-510-0014

Housing Market Is In Full Bloom

As we roll into spring, the U.S. housing market continues to grow and improve. For homeowners, the continued growth housing market is fantastic news.

In 2012, the housing market started to show the first signs of improvement. 2013 was a landmark year in which home prices skyrocketed, increasing by double-digit year-over-year percentages. A number of factors, such as fewer distressed properties (those sold in a short sale or foreclosure), increasing demand, and low supply fueled the dramatic price increases and helped homeowners nationwide regain much of the equity they lost during the housing market crash.

Last year, the market continued to improve, though at a slower, more sustainable rate. With the number of distressed properties already greatly reduced, further reductions in distressed properties did not have as great an impact on prices. Additionally, rising prices helped more homeowners regain equity, and more homeowners were finally able to list their homes, unlocking more supply to meet the rising demand.

All told, from 2011 to the end of 2014, home prices increased by around 20 percent!  Thanks to the increase in prices, more than five million underwater homeowners, or homeowners who owned more on their homes than the homes were worth, returned to positive equity.

Today, the housing market finds itself in “full bloom,” steadily improving and bringing even more good news to homeowners. With the growth in home prices slowing to normal levels and mortgage rates still historically low, now is the perfect time to sell for many homeowners!

forsale

Fore more information on today’s housing market and why now may be the perfect time to sell your home, read my report entitled “The Housing Market Is in Full Bloom”.

You can download the free report from my website www.HAFAhelpforhomeowners.com

 

 

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

About Marsha Bowen Washington

Picture of Marsha Bowen Washington

Marsha Bowen Washington

Realtor/Sales Associate

marshabwashington@yahoo.com

973-510-0014973-510-0014 main

Coldwell Banker Residential Brokerage

2 E. Mt. Pleasant Avenue Livingston, NJ 07039

Reviews

5ChristinaPamplin

Marsha was highly professional and knowledgeable about the real estate market. She made me feel very confident that I was in good hands. When I began to feel nervous and stressed, she stepped in and assisted with following up with my lender and attorney to... (more)

5Yetta Armstrong

Marsha Bowen Washington is the real deal! She's knowledgeable, friendly, patient, committed, and caring. My real estate venture was very challenging and Marsha stuck with me throughout the whole process even though I extended my search outside of her... (more)

5vinagda

if Marsha had anyother skills besides real estate, my husband and I would use her in those areas as well. She has such calmness that the worst clamity, seems nothing when she is dealing with things. It was the most effortless journey and a pleasure working... (more)

Review Marsha Bowen Washington on Zillow.com