Coastal Delaware Housing Recovery In Full Swing
Posted by Bill Mann on
If you were thinking about buying Coastal Delaware real estate, now is the time to make up your mind.
The long-awaited housing recovery is in full swing. Home prices shot up in America's largest cities in May, rising at a pace not seen since the bubble days, according to a closely watched gauge.
The recent Standard & Poor's/Case-Shiller index of 20 large U.S. cities indicated that average home prices across the 20 cities have now reached their spring 2004 level. For the first time, two cities — Denver and Dallas — surpassed the peaks they reached before the 2008 financial crisis. All cities tracked by the index saw prices rise from a year earlier and the previous month.
Low mortgage rates, a shortage of homes for sale and heavy investor demand have…
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The Sussex County Association of REALTORS® (SCAOR) released 1st quarter sales numbers last week that show a continuously strengthening real estate market in Delaware’s southernmost county. Stronger than even 2012, the data is the latest in a series of strong reports.
There is a lot of optimism regarding house prices. The most recent Home Price Expectation Survey projects a 3% — 3.5% increase in values for each of the next 5 years. We concur that most parts of the country will see varying levels of appreciation over that time. However, we must realize that we will not see 2006 values any time soon.
The National Association of Homebuilders recently released its Improving Markets Index for the month of February. The report attempts to identify U.S. metropolitan areas in which the economy is improving, demonstrating "measurable and sustained growth".
The Sussex County Association of REALTORS® (SCAOR) released numbers recently that prove what public perception has held to be true for several months now – real estate is on the rise, in southern Delaware and across the country.
The other day Marc Davison, a good friend and founder of the marketing, design & strategy firm 1000watt, forwarded us a booklet released by Ford entitled 13 TRENDS FOR 2013. It is a must read for all businesses as it clearly states the thirteen consumer trends that will help business dominate 2013. However, we had one objection to something mentioned in the report.
