Saturday, May 17, 2014

Parkland Real Estate data April 2014

Its a great time to sell and a great time to buy .
As you will see from the article  below with interest rates hitting their lowest  level this year and sellers motivation higher to sell so they can cash in on these new low mortgage rates . Its time to rethink the question 
is it a good time to buy ! it is a great time to buy!

A housing slowdown is scary, but cause for concern?
  WASHINGTON – May 13, 2014 – Home sales and housing starts have weakened in recent months, at a time when many in the industry had expected a seasonal pick-up. Federal Reserve Chair Janet Yellen told Congress last week that the recent housing slowdown "could prove more protracted" than expected, particularly with sluggish household formation from young adults who are grappling with large student debt and living with their parents to cut costs.
"My expectation is that as the job market strengthens … we'll see household formation pick up, but it's hard to know here what exactly the new normal is," Yellen told the Joint Economic Committee last week. Indeed, 423,000 new households formed in the 12 months ending in March compared to an average of 1.3 million a year from 2002 to 2006, according to Census Bureau data.
Forty of the top economists recently surveyed by USA Today say that while they are more concerned about the housing recovery than they were six months ago, they do not expect the rebound – which started in 2011 – to reverse course. The majority said they expect housing's turnaround to be more gradual in 2014.
Stuart Hoffman, PNC Financial Services Group economist, told USA Today he expects housing to make up some ground this year as job growth allows more buyers to qualify for loans.
"Credit availability is key for the continued housing recovery," write economists Hui Shan and Eli Hackel in a recent Goldman Sachs report. The economists note in the report that measures – such as credit scores, product choices, income-verification levels – have made lending standards "exceedingly tight." They estimate that around half of the decline in the household turnover rate between 2001 and 2012 is due to tighter lending standards; the other half of the decline is from demographic changes or cyclical changes.
Source: "Housing's Sagging Rebound Worries Economists," USA Today (May 8, 2014) and "Yellen Offers Upbeat Outlook, but Points to Housing Risk," The Wall Street Journal (May 7, 2014)

click for your FREE  Buyers guid for  parkland Coral Springs Dlorida of how to avoid 5 costly mistakes buyer make in to-days market! updated 2013 click for your  FREE Sellers guide in parkland Florida & Coral Springs Fl: how to avoid 7 costly mistakes sellers make  updated 2013