Consumer Confidence in the Housing Market Heads Skywards

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The United States’ economy is still on shaky ground at the tail end of 2012, and with the looming fiscal cliff still an issue, it seems a safe assumption that both consumers and producers would be acting a bit more on the conservative side. The housing market, however, shows no signs of slowing down, especially in Texas.

Instead of dreading distrust in the economy, more and more home buyers and sellers are proceeding with cautious optimism in the fourth quarter of this year, showing that confidence in the housing market is not misplaced. In fact, Fannie Mae’s National Housing Survey reports some very positive news for the housing market, as well as current home owners.

In the recent study by economic giant Fannie Mae, data suggests that the average worth of homes and real estate in the United States will continue its upward trend throughout the end of 2012 and into the New Year. That means it’s a great time for current home owners to sell and think about purchasing that new house they’ve been eyeing.

Those looking to buy a home are also in luck. Approximately 73 percent of most survey’s respondents say it’s a good time to buy for a number of reasons, not the least of which is interest rates. Despite the fact that the worth of homes is increasing, it remains a great time to buy a Stephenville home. Not to mention that 20 percent of the survey’s participants claim their household income is significantly higher than it was last year while household expensive remain largely unchanged.

Consumer outlook on the housing market is more positive than it has been since 2010 and home buyers and sellers alike are reaping the rewards. The housing market on the whole is quickly turning into a seller’s market once again, so those who are entering the market as buyers should carefully consider their options.

There are still plenty of Erath County homes for sale for you to choose from, so take advantage of this great opportunity to buy or sell your home and give us a call today!

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