United States Housing Market Improving

A few months ago, the United States seemed to be on the brink of having a full-blown housing crisis. Now, things have started to look better for the nation’s housing market, according to the latest numbers by the National Association of Realtors.

For three straight months, houses that were previously occupied showed an improvement in sales. The number of houses on the market and sales of houses in foreclosure are both in decline — which is definitely good news.

Despite the good news, there’s also a few pessimistic experts. How will the United States housing market be affected when the $8,000 tax credit expires? How can the housing market continue to improve if job losses continue to mount?

Those two questions point to this housing market recovery being a long process. The market is unlikely to return to normalcy until unemployment levels start going back down.

That said, in the short-term, the positive statistics in the United States housing market has many investors feeling confident.

United States Housing Marketing Improving (Image: Flickr)