Report: Housing Sellers Becoming Confident

Prospective home sellers are more optimistic and confident in the housing market, suggests new data from Realtor.com. The website reports that the number of homes on the market in March shrank 15.22 percent from a year ago, but the number of new property listings rose 2.36 percent from February 2013. Sellers were willing to put their homes on the market as list prices bumped up 0.5 percent on an annual basis as well as month over month to a national average of $190,000. “The newest data shows that the outlook is optimistic for the overall real estate recovery,” says Steve Berkowitz, chief executive officer of Move Inc., Realtor.com’s parent company. Also, the median age of inventory has fallen to 78 days, a 20.41 percent decrease since February. | Read More