Improving Housing market
The very slow and gradual improvement in the housing market has continued into March reports Andrew Oulsnam partner in Robert Oulsnam & Company.
“The sunshine and the advent of spring has brought many more people out and March was our best month for house sales for a year. We are nowhere near a normal market but any improvement should be clasped with both hands with so much other bad news about.
The housing market went into its recession a year ago and was always likely to improve well ahead of the rest of the economy.
There is an increased realism amongst sellers that prices have indeed fallen over 20% since 2007 but if you can accept that and get on and sell your home then the one you will buy will be similarly lower.
There are also signs that mortgages are becoming more available with more competitive rates.
Sunshine and good news, whatever will we expect next!”