What’s driving the housing recovery?
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Posted by lindsay on February 23, 2014

With spring just around the corner in the United States, now is a good time to consider property investment.

According to one Time magazine article, the end of winter signals what is traditionally known in America as the ‘kickoff for the annual home selling season’. Although there’s been much trepidation and speculation about the housing market over the last couple of years, David Blitzer, Chair of the Case-Schiller’s index study wrote, “Housing is clearly recovering”.

Based on statistical analysis, the Case-Schiller index looks at real estate gains or losses nationwide, and it’s most recent examination found that prices rose 5.5% in 2012, stronger than the 4.3% improvement in 2011. Clearly this upward shift is demonstrating a return in both momentum and buyer confidence.

This might have to do with delinquencies and foreclosures flattening, and more individuals snapping up property investment opportunities. The forecast is looking positive: “We expect appreciation for the full year of 2013 to be much more moderate,” said Stan Humphries, a chief economist for real estate site Zillow. With house price gains and new construction picking up, it’s smart to consider making your move.

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