The housing market is likely to be the primary driver of economic growth in 2013 say many economists.
Steady home sales in 2012 led to a 9% increase in home sales over 2011 – the best year for home sales since 2007. Improved demand for homes in December led to the inventory of homes for sale to fall to its lowest supply since 2001. And yet another indicator of a strengthening housing market – housing starts have reached their highest level since 2008.
While the housing market still hasn’t worked through all of its issues, it is improving at an accelerating rate.
Here are a few articles detailing the housing market’s role in our economic recovery:
- NYTimes.com – Housing Offers Hope of Strength in the Economy
- Online.wsj.com – From Power Tools to Carpets, Housing Recovery Signs Mount
- CNNMoney.com – Housing to drive economic growth (finally!)
If you were waiting for home prices to bottom out before you buy – you may want to start researching your home financing options now. Home prices are on the rise and near record low mortgage rates won’t last forever.
Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.
Inlanta Mortgage is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.
Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.