The key things to keep in mind are:
  • Sales volumes have increased 6% from a year ago
  • Sales prices declined 4% on a year-over-year comparison
  • Leasing activity declined 1% from the previous quarter
  • Rental rates declined 3% from the last quarter
  • Concession levels declined 1% on a quarterly basis
  • Financing remains the sticky wicket but is followed closely by pricing and the impact of local economies on the commercial market
Although the rate of regional improvement is still variable, there is improvement overall. Existing home sales in the South increased 5.4% in the third quarter and are 11.7% higher than in 2011.
 
Existing home sales in the West slipped 1.2% during the quarter due to supply constraints but are up 2.1% over last year.
 
National statistics from the National Association of Realtors are similarly positive with median home prices rising in 120 out of 149 metropolitan areas based on third-quarter closings over closings in the third quarter of 2011.
 
So if you’re looking for real estate investments, it’s still a good idea to take a look at the stats on a regional basis along with supply and other constraints that might affect returns both short- and long-term.

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