Housing Inventory on the rise

Housing Market on the Rise

After years of falling inventory and really tight markets, things are beginning to change. Redfin reports that listing grew 6.4 % between march and april and 4.2% between april and may. Last year it fell all year. They say that if things keep up like this we should be normal by the end of the year.

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Many homeowners are less underwater

House in water
The federal reserve states that home equity has jumped nearly 500 billion during the last 3 months of 2012.

That means that less folks are underwater so now they can sell if they choose. This will help to cure the severe housing inventory situation. Zillow Real Estate Research says that nearly 2 million home owners no longer are upside down.

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