What to Expect for the Housing Market in 2012April 6, 2012 — 939 views
Traditionally, the spring months are when many home sellers prepare to list their properties for sale, but with the housing market in a dismal state, sales have not been remarkable in the past few years. However, some experts believe the 2012 housing market may experience growth and anemic recovery in the coming months, USA Today reports.
Existing home sales in February 2012 were up 9 percent from a year ago, according to the National Association of Realtors (NAR). In addition, Realtors' confidence in an improved single-family home market is the highest it has been in the past four years.
Unfortunately, not every market is projected to see steady growth, and 2012 real estate trends indicate areas like Atlanta, Chicago and Seattle may show significant home-value declines on a year-over-year basis by December 2012, according to Zillow.
Homebuyers and home sellers looking to navigate the 2012 housing market effectively may want to gain an understanding of local real estate projections. Trends show that growth varies between states, so when looking for a great deal on a new home it may be worthwhile to purchase property in a declining market.