Lendisphere

Is it possible this real estate market might be barely inching toward recovery?  Could it be?

Real-Time Housing Report, published by Altos Research and Real IQ say, “We won’t be able to call a bottoming of the market until we see stability continue into the seasonally weak fall and winter months.”

But for now…the Real Time Housing Report is clear:  the prices of homes on the market are climbing, and inventory levels are falling.

The prices of properties listed for sale rose in 22 of 26 major markets in the month of April.

Add to that another little bit of happy news:  in that same month, they also report that inventory actually fell in 15 of the 26 major markets.

Add to all this happy talk a statistic from NAR’s “pending home sales index” — which is based on contracts signed in March.  That index increased 3.2% in March.   Hmmmmmmm.

So the question is:  are we there yet?  Are the property valuation clouds finally parting, or is this just a temporary fluctuation of the spring market and/or ultra-low interest rates?