The National Association of Realtors has reported a surprising increase in home sales throughout the Midwest, a market that began to recover as early as the end of last year. This gain of 3 percent in the Midwest marks the very first increase since September of last year, signaling the potential for more widespread recovery.
Analysts have credited affordable home prices and a consumer awareness that prices may be at their lowest for a rebound in home sales. The Midwest, which includes twelve states, has seen prices fall an average of 9 percent from last year to now, with $157,000 standing …read more

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