Is the Real Estate Market Recovering?

On Monday, a few signs pointed to the possibility that the real estate market in the United States has begun to stabilize and possibly even begun its trek to recovery. According to the National Association of Realtors, the number of existing houses sold jumped more than 5% in February compared to January’s data.
Although sales are still down by double-digit percentage points from this time last year, this month-to-month jump was the largest on record in over five years. The median price of a home was slightly more than $165,000.
Many reasons are hypothesized for why the sales of existing homes rose, …read more