Are Housing Prices Getting Better?

Are Housing Prices Getting Better?

If you’ve been watching the news lately, you’ve probably noticed a slew of positive coverage relating to the housing market. 

The figures that I am seeing in the press are quite impressive however I am not seeing a gain in housing prices in Western North Carolina. In fact I would say in most cases the price is still going down.

I am encouraged that the stabilizing prices along with increase in sales plus with decline in inventory are a clear indication that we may be looking at better days ahead nationally.  

But areas like Florida, Michigan and Ohio may take some time to heal.

Western North Carolina did not seem as hard hit as other areas in reference to sales, foreclosures and the like because we have been consistent with pricing without those crazy price increases they saw in Florida for example.

Among some of the news items coming out this week alone:  Housing prices in May showed their first gain in three years, there is a much smaller inventory of homes for sale and we continue to see a rise in home sales. All of this begs the question, is the market finally turning around?

More information click on link: http://www.mountaincommunitiesnc.com/Blog

What do you think??????????????