While some areas of the U.S. are going through a deep real estate crisis with property prices in a continuous slump, others enjoy intensive activity. Moreover, there are American cities that have managed to completely avoid the housing crisis. In order to determine a fair price, the seller must know two vital pieces of information: the price trajectory of similar properties and the time spent on the market by a property before being bought. If a home finds a new owner quickly, it means that demand is high, so the price goes up. In contrast, if the property stays on the market for a long period of time, then the seller must reduce the price sharply to attract customers. Ventura realty and LA realty are examples of markets where things are moving in the right direction.

One of the reasons that the American housing market is effervescent is the decrease of the number of houses that are for sale at the minimum of the past 12 years. Before 2008, Conejo Valley had an average of 1200 homes listed on the MLS (Multiple Listing Service) at any given time. Now there are only about 300 properties listed. This significant decrease shows the huge cut in supply, while demand through hedge funds and the common buyer has increased significantly due to the low interest rates and high opportunity. As well, there is a significant shadow inventory that banks are holding back due to this significant appreciation. Why would a bank sell a property now when they know the value of the property is going to increase greatly 6 months from now. There is also another problem with loan modifications making it so a home cannot be listed in foreclosure while simultaneously going through the loan mod process. Thus, the growing number of buyers are inflating the prices are creating a potential bubble. In thi
s way, many home sellers postpone selling until their properties’ value begins to rise, and some investors buy properties from owners in financial difficulty to resell them for higher prices. Construction contractors, faced with the most numerous orders in recent years, cannot increase production fast enough. In addition, many buyers will now access real estate loans with interest rates at historically low values.

Sales of new homes in the United States reached the highest level in recent years given that developers have drastically reduced prices. The most severe real estate crisis since the Great Depression may be coming to an end, as buyers take advantage of the situation. Home developers are starting to come back into the business, taking advantage of the low inventory and even lower rates. Building permits have skyrocketed in the past year. National banks managements said they would keep interest rates low to encourage consumption loans until effects of measures that stimulate the economy can be felt. But economists warn that the recession in terms of investment is not over and reports show that the transition to a stable economic environment will not be an easy one. But the Ventura realty and LA realty markets show signs of recovery.

U.S. housing sales increased, given that developers have cut prices to the lowest level in the last year. Buyers were attracted by lower rates on mortgages and declining home prices. The average price of new homes fell more than 10 percent in one year, thus registering a very low level. However, total sales are still down compared to 2010 and, in general, to the historical level. Falling demand has led developers to restrict activity, making them register at one point the lowest number of new homes put on the market. In periods of economic growth, about 1 million new houses are sold each year in the U.S. The housing market is a key sector of the U.S. economy, being relevant both for level and availability of consumption and access to credit. Ventura realty and LA realty contribute to the economic growth of their area.

Banks have announced their plans to try to revive the housing market, focusing on the mortgage market, for Ventura realty http://futureinsiterealty.com and LA realty http://futureinsiterealty.com sector.