August RE/MAX National Housing Report

It appears the 2012 housing recovery continues through July and into August as the RE/MAX National Housing Report for this month is showing a steady increase from this time last year. July home sale were 10.3 percent higher than last July and the year-over-year home sales have now risen for thirteen consecutive months. And good news on home prices with a national increase of 3.7 percent.

“It’s reassuring that both sales and prices continue to rise higher on a yearly basis, indicating that this housing recovery is real,” said Margaret Kelly, CEO of RE/MAX, LLC. “Overall, the picture is getting brighter each month, but what we need for a sustainable recovery is a turn-around in unemployment and better availability of mortgages, especially for higher priced homes.”

If you would like to read the full August RE/MAX National Housing Report, please click here. It is exciting to see home prices rising in our own market here in Phoenix. It is even more exciting to discover that many homeowners, who previously thought they were underwater with their mortgage, can now sell without a negative balance. If you need to sell but not sure you can, please give me a call today. I will be happy to provide you with a complimentary market analysis of your home - Frank

602-864-1200 or www.RussoTeam.com.