It seems those real estate agents who weathered the financial crisis and housing crash are beginning to see a significant increase in business, as a number of existing-homes were sold and new houses built last month.
The National Association of Realtors (NAR) recently released a report detailing a month-over-month and year-over-year rise in existing-home sales, totaling a seasonally adjusted annual rate of 4.97 million during April. The latest figure represents a 0.6 percent improvement in real estate records from March, and a 9.7 percent jump from numbers recorded in April 2012.
Existing-home sales are now at their highest pace since November 2009, according to NAR. Additionally, total sales have been above year-go amounts for the past 22 straight months.
Meanwhile, total housing inventory ticked up 11.9 percent at the end of April, the organization reports, moving the total number of existing houses available for sale nationwide to 2.16 million. The property data represents a inventory supply of 5.2 months.
That figure may continue to grow in subsequent months, as the National Association of Home Builders' latest Housing Market Index showed improving confidence levels among residential construction professionals. After having registered at 41 in April, this month's reading was seen at 44, marking a substantial amelioration in sentiment and pointing toward heightened efforts toward increasing inventory supplies across America.