I thought you may want to know what the housing market is looking like with all the craziness going on in the finance world. So below is a report I received this morning about that.
Increasing for the first time in six months, housing starts shot up 9.8% in February, with both single-family and multi-unit projects posting gains. Building permits did even better—up 13.8%, the largest monthly gain in two years.
Home builders are clearly feeling more optimistic. The homebuilder sentiment index headed up for the third straight month, indicating the housing market is starting to find its footing in the present mortgage rate environment.
Realtor.com reports active inventory keeps climbing—up 61% from a year ago. Homes are spending more time on the market than last year, but they’re still selling quicker than before the pandemic, suggesting continuing buyer demand.
So if you are thinking about either buying or selling, give me a call.
Mary Cockburn/505-639-2090/MaryCockburn.Realtor@gmail.com
