According to several mortgage publications the upcoming spring home-selling season could be the strongest in years and may foreshadow which markets will lead a battered housing industry in an anemic recovery, economists say. Many say that this spring will be a true test for housing demand.The spring season typically runs March through June, but because of a very mild and unseasonable warm winter around the country it may have started earlier, getting buyers on board earlier than normal.
While last year was dismal for existing home sales, this year is looking better already. Existing home sales in February were up 9% from the same time a year ago, as was the Pending Home Sale Index, which reflects signed contracts leading to sales, says the National Association of Realtors.
Let’s just hope that the amount of early buyers doesn’t top the amount of buyers and home sales this spring.
Happy Spring House Hunting