We recently talked about the national increase in housing prices, and it looks like the news is just getting better for home sellers and realtors in Lindale, TX. On March 7th, the Commerce Department reported that a surge this January brought home sales to their highest level in 4 ½ years. Sales of new single family homes increased by 15.6%, which is the highest adjusted annual rate since July 2008. The housing market hasn’t seen a gain this large since April 1993. According to the S&P/Case Shiller composite index of 20 metropolitan areas, home prices have seen an increase of 6.8%, “which was the largest gain in more than six years.”
Another important part of the Lindale, TX housing market’s recovery is the level of consumer confidence. In February, the Conference Board’s index of consumer confidence saw its biggest jump since November 2011, rising from 58.4 in January to 69.6. Along with this new consumer confidence has come more spending, which could help keep the encourage the price of homes rising. The Commerce Department reported a 0.2% increase in consumer spending in January. As the article points out, “Consumer spending and residential construction are major factors of economic activity and growth.”
So if you’re ready to sell your home, take advantage of the recovering housing market, talk to one of our talented realtors in Lindale, TX about starting the selling process today.
realtors lindale tx
The Kerissa Payne Team
2808 S Main St, Suite M
LIndale, TX 75771