New Home Sales Stiil Sluggish

The next time you see a home builder, please be careful to show some compassion. These people have been the hardest hit in the housing market crash. In the entire year of 2011 there were only 302,000 new home sales nationwide. That's the current data we in the real estate industry have been given and it's realy sad for buliders. For those of you looking to build Lawrence KS Homes to live in or to those of you wanting to buy brand new Homes for Sale Lawrence KS, you'll find the choices are limited.

The new home sales in the Southern regions of the country were the lowest they've been since 1996. However, it gets worse . Both the East and the West areas of the country saw the absolute worst new home sales in recorded history in 2011. 

Part of the problem for Lawrence home builders and home builders in general, comes from a continuation of foreclosures on the market. This results in deeply discounted homes. I personally assisted buyers in 2011 with purchasing several "foreclosure sales" in 2011. I also helped several buyers with the purchase of Lawrence KS Homes for Sale and Lawrence KS Homes that were being marketed as "short sales". These homes are seen as "bargins" or "deals" by buyers looking to purchase Lawrence Ks Real Estate for Sale.

The threat of further price declines, continues to frighten buyers away from paying premium prices for new homes. Even though, there is evidence that a slight pick-up in home sales will be seen in 2012, buyers are still being cautious.

Local Housing Markets Place 1st and 2nd for 2012

The news from HousingPredictor.com is very welcome for those attempting to market their Lawrence KS Homes for Sale. This story tells us that there is hope for the Midwest and specifically the Kansas City and Topeka areas. My hope is that if Kansas City is ranked #1 and Topeka ranked # 2 for the best 2012 housing markets, that Lawrence KS Real Estate for Sale will also feel the positive impact.

Rank    City   Forecast    1.    Kansas City, KS      5.8%    2.    Topeka, KS      4.7%    3.    Charleston, WV      4.5%    4.    Oklahoma City, OK      4.3%    5.    Minot, ND      4.2%    6.    Overland Park, KS      4.2%    7.    Wichita, KS      4.1%    8.    Huntington, WV      4.0%    9.    Wheeling, WV      3.9%   10.    Bismarck, ND      3.6%   11.    Casper, WY      3.5%   12.    Lake Charles, LA      3.4%   13.    Rapid City, SD      3.2%   14.    El Paso, TX      3.2%   15.    Cheyenne, WY      3.2%   16.    Nashua, NH      3.1%   17.    Monroe, LA      3.1%   18.    Buffalo, NY      3.1%   19.    Houma, LA      3.0%   20.    Bellevue, NB      2.9%   21.    Rochester, NY      2.9%   22.    Concord, NH      2.8%   23.    Omaha, NB      2.8%   24.    Gillette, WY      2.7%   25.    Syracuse, NY      2.5%

 

It appears as though the strong farming influence has much to do with this forecast. Many are claiming that land values and specifically farm land values have been rising in the past few months. That is welcome news. Buyers looking to invest in something that has lasting and intrinsic value should consider making a move before the prices start heading back up. Homes for Sale Lawrence KS can also be purchased with a very low interest loan.

Click on the links below to see the two articles in their entirety. Please give me a call if you have any questions about the current market value of your Lawrence KS Homes or your land.

http://www.housingpredictor.com/2012/best-markets.html

http://www.housingpredictor.com/2012/kansas.html