February Housing Sales up 9.2%

2012 may well be a good year for the real esate industry. Reports of a 9.2% increase in February sales, vs. last year, is a good sign the recovery is underway. It was also reported that home prices are beginning to stabilize in the top 20 markets. There are those that see at 7-12% increase in housing sales for 2012. Adding to this turnaround is a loosening up of credit. Banks are now loaning up to 3.5 borrower earnings, working with some lower credit scores, and giving more loan to value. If you have been waiting on the sidelines, it may well be the time to jump into the real estate market.