Interested in learning how the economic recovery affects home prices in the northeast? Well the picture below is worth a thousand words. There are many pundits talking about how the next generation of home buyers are saddled with debt from college loans and that owning a home may no longer be the “American Dream.” However, that is not at all backed up by the facts.
The National Association of Realtors revealed that sales in 2013 had increased 9.1% as compared to 2012 and that it was the market’s strongest performance since 2006. You can read more about the details on the home prices in the Northeast and around the country
Yes, these numbers are below the record for homes sold during the boom. We also know that we may not see those numbers again for a long time (and that is probably a good thing). But to say that the current real estate market is challenged is totally inaccurate.