Real estate agents project housing market improvement

The state of the housing market should continue to improve, as many real estate agents noted there was significant progress in confidence levels for buyers and sellers in recent months.

The state of the housing market should continue to improve, as many real estate agents noted there was significant progress in confidence levels for buyers and sellers in recent months.

Approximately 75 percent of real estate agents noted the current market situation is good for buyers, while another 54 percent felt selling was the best, at this juncture, according to more than three-quarters of industry members polled by Redfin's Real-Time Real Estate Agent Survey. Additionally, buyer confidence was high in recent months, according to 85 percent of respondents, while 84 percent felt sellers' confidence improved.

Home price gains shouldn't improve significantly in the next 12 months, the report noted. Only 11 percent noted this type of property data should make sizable gains.

"That agents believe both buyers and sellers are becoming increasingly confident bodes well for sales volume in 2013," said Glenn Kelman, CEO of Redfin. "But going into 2013, we expect that a jittery market will settle down, and buyers and sellers will more easily come to terms."

Real estate records also showed that the number of home offers rose 4 percent in September, an improvement from the same month last year, when the increase was only 0.6 percent.



blog comments powered by Disqus