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Housing Market Healthiest It’s Been in Over 15 Years

Terry Story

With Terry Story, 25-year Veteran Real Estate Agent with Coldwell Banker in Boca Raton, FL

Good news on housing – a new Index says the housing market is the healthiest it’s been over the past 15 years based on parameters such as employment, demographics, house prices, etc. The 10 healthiest markets have a few surprising names – with three of the top 10 in the state of Pennsylvania. So is your market on the Top 10 list?

Data also shows that pending home sales have been surging. It’s a forward looking indicator that reflects pent-up demand and market strength, despite a really slow housing market in the winter-struck Northeast in Q1 2015 and the lack of housing supply. The lack of housing supply is significantly tied to many home owners slowly overcoming their negative equity situation. And with more buyers and tight supply, this again is a sellers’ market.