Thursday, March 22, 2012

Real Estate Forecast

Concerned whether real estate is still a good investment.
Wondering if you should buy or rent.
Maybe you're interested in selling to get that great deal on a bigger home.

The thunderstorms and rain have passed. Clear skies and sunshine planned for 2012 and 2013.

With the historical data of the past, the National Association of Realtors put forth their forecast for the real estate market in 2012 and 2013. Existing home sales rose slightly from 2010 to 2011 from 4.18 million to 4.26 million. Their expectations are for that number to continue rising. That means more homes will sell nationwide. For those folks who have been sitting on the fence, it looks like 2012 or 2013 may be their year to jump into the field.

Historical GDP growth is approx 3% a year. In 2009 our real GDP growth was -3.5%. 2011 showed a +1.8% growth and the 2013 forecast to be a +3.1% growth. Maybe some stability in our future?

Chart from Information gathered from NAR
February 29, 2012

I'd love to discuss with you
the opportunities available in the current market, the historical analysis of the Louisville Metro area, current interest rates, and how much it actually costs to get a home of your own.


Melissa S. Pawley
502.315.1561 (Office)