
The price of Real Estate and sales volume are on the rise.
A Clear Capital Report sees home prices rise across the country when analyzing quarterly results. The report sees home values gaining in all regions of the Nation, averaging out to 5%, with the Midwest gaining the most at 11.2%. The real estate improvements are linked with summer being a buying season, increased investment opportunity and the previous large drop in home values.
The second quarter of 2009 followed a period of extremely low real estate activity, couple that with tax incentives, low mortgage rates and reduced home values, and the evidence of a true buyer's market became omnipresent. Acquiring a mortgage is probably still the most difficult part of the home buying process but money is starting to loosen. Increased sales volume indicates an improvement in the real estate sector, a welcome sign for a beleaguered economy.
For a complete look at the Clear Capital report click here.
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