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What 2012 Housing Market Forecast Means for Pennsylvania and Delaware
One of the foremost experts on the real estate market, RE/MAX Chairman and Co-Founder Dave Liniger, recently released his top ten predictions for the housing market that hints at a possible rebound for Pennsylvania and Delaware markets.
“Interest rates will remain at or near historic lows and home prices will stabilize and start to rise by the end of the year,” said Liniger “There’s no question, the housing recovery will be slow and steady, but for many cities the turn-around is already happening.”
That turn-around can be seen in Pennsylvania as steady increases in home sales and housing prices have been noted in major markets, attributed attractive home prices.
“Informed and savvy consumers and investors recognize there’s a great opportunity in this market and they’ll lead the way to recovery,” said Liniger.
For example, the February 2012 RE/MAX National Housing Report showed that in January, home sales were up slightly from last year in Pittsburgh (0.2%), Philadelphia (7.45%) and Wilmington/Dover (33.22%).
“We see promise for both buyers and sellers right now and a lot more activity in general as we approach the spring buying season,” said Ed Rae, Co-Broker/Owner of RE/MAX Select Realty in Cranberry Township, PA. “We have a lot of confidence in this market right now and our agents are excited to help our clients take advantage of the opportunities out there.”
RE/MAX has also recognized growth in the Pennsylvania & Delaware Region with the addition of more than 348 agents and nine new franchisees in 2011. With offices in more than 85 countries, RE/MAX is one of the largest real estate franchise companies today. Nationally, RE/MAX Associates average more sales than other real estate agents.
For more information, visit www.remax.com. To learn more about becoming a RE/MAX agent, visit www.joinremax.com.