Survey finds optimism for housing industry, economy
Monday, March 19, 2012
As the housing industry goes, so does the economy, and a recent survey reveals that improving economic conditions across the United States is leading to increased optimism for the real estate market this year.
The survey, of senior real estate executives at the 3rd Annual Akerman U.S. Real Estate Summit, found that 82 percent of respondents expressed greater confidence and an improved outlook for the housing market, a 6 percent increase compared with last year.
"The Akerman U.S. Real Estate Summit has emerged as one of the marquee events for the real estate industry, providing a platform for thought leaders and top executives in the industry to share their knowledge, insights and perspectives," said Richard Bezold, chair of the Akerman National Real Estate Practice Group. "The outlook for the commercial real estate industry in 2012 is bright, but the recent recovery is still tenuous, and could be dampened by a range of factors, including the continued uncertainty in Europe, persistent restraints on debt and equity financing and the threats to the health of the U.S. economy due to rising energy costs."
The recently released RE/MAX National Housing Report found that home prices climbed higher in February, posting a 1.1 percent increase compared to the year before. Meanwhile, home sales were also higher, rising 8.7 percent on a year-over-year basis.
With an improving economy and housing market, more confident consumers are willing to take risks to boost their financial standings. Those who are interested in diversifying their assets can look into online stock trading.
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