When will be a good time to buy For Sale Georgia Homes in Marietta? What are the Market Conditions?

Consumer confidence, mortgage rates, rising sales, rising new construction are a key to a rebound ahead in the home real estate market. It looks like we are well into recovery mode. All of these indicators are strong, along with low mortgage interest rates and  $8,000 Tax Credit is working as well as consumer confidence after six months of negativity.  

Consumers attitude about national economy and their own personal financial situation took a major jump to the positive side in the past month. The Consumer Confidence Index is at its highest level in 8 months just in the month of April it has jumped 14 points. That is a crucial for  future home buying and home selling behavior because when people are worried about their economic future, they tend to stay on the sideline.

 Lane Franco, the Director of the Confidence Board Research Center said that the latest numbers show that the consumers are now considerably more optimistic from everything from jobs to their own financing more so than they have been for most of this recession. The National Association of Realtors Monthly Home Sales Report indicated that  consumer confidence and sales of single family, condos, town homes and cooperatives are up about 3%, the biggest gain were at the lower priced segments that appealed to most of the first time home buyers seeking the $8,000 tax credit. In the North East, homes sales are up nearly 12%. The West up by 3.5% the South up by 2%.

New home building starts and permits are also on the upswing after months of in the negative and hard hit California, new home starts increased 21% in April over march. The most dramatic jump since October 2008.

Bob Rivinius, head of the California Building Industry Association said, that month to month increases in sales indicate that builders are finally clearing out their inventories and are starting to build again. Mortgage rates re still under 5% with the average 30% year fix rate loans are going for 4.8% and a 15 year loans at 4.4%. But there are inflationary pressures that   work   in the market  so don’t be surprised if the mortgage rates rise in the coming weeks.

According to the Federal Government Home Price Index for purchases, prices of homes were down by average of .5 of 1% I the first quarter and by 7.1% when compared with the first quarter on 2008.

If you are debating whether to buy a For Sale Georgia Homes in Marietta Georgia,  or not, or you know someone who is debating whether to buy a home or not, call 770-912-5056 to speak with one of our  You can also  visit ForSaleGeorgiaHomes.com for more information or just click on  this link Quick Home Search to start you For Sale Georgia Homes search for you new home In Marietta, Georgia at your finger tips today, and Unlock the Key to your future Today! ForSaleGeorgiaHomes.com is here for you every step of the way!

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