Connect with me:
April saw an increase in Active Listings and Homes Sold from the previous month.
Last fall’s moratorium on the foreclosure process at most of the large lenders and servicers created a decline in inventory. Those moratoriums have started to be lifted, and April’s Active Listings number reflect this.
March and April are usually the two months out of the year with higher numbers of homes sold. While sales have ticked up, they have not ticked up as much as we would see in a normal housing market.
Home prices continue to decline, and interest rates continue to hover around all-time lows, but these two factors alone are not enough to encourage buyers to jump in to the housing market. A stronger job market and a significant decrease in foreclosures that put downward pressure on home values are needed in order for the housing market to begin to recover.
Share:Connect with me:
