The market has, at least for the time being, turned the corner. According to the most recent “Existing Home Sales Report” published by National Association of Realtor (NAR), home sales have risen drastically in five of the six price ranges that NAR measures.
Furthermore, there are other metrics that suggest the market is ready to move in a positive direction for the next few years. NAR and Freddie Mac are both projecting number of home sales to increase over the next two years. The metric used to measure sales projections was existing and new construction.
The recent flood of positive 2015 projections is both motivating and refreshing for buyers and sellers. For buyers, this means your investment will likely be safe and lucrative. Sellers can rest assured that there will be high demand for at least the next 3 years.