September 11th, 2012
Transferees relocating to a new state may have more housing options available as the number of improving housing markets has increased across the country.
The most recent National Association of Home Builders/First American Improving Markets Index reveals the number of markets that gained strength in September increased to 99, up from 80 metropolitan areas in August. The NAHB relies on improvements in housing permits, employment and house prices for at least six consecutive months as benchmarks to make their determinations.
"The number of improving housing markets grew by 19 in September as 68 metros retained their spots, 31 new metros were added and just 12 dropped off the list," said Barry Rutenberg, chairman of the National Association of Home Builders. "This solid growth is an encouraging sign that housing continues on a slow but steady recovery path that is gradually advancing from one local market to the next."
Because housing prices, neighborhood amenities and proximity to major metropolitan areas varies significantly by region, speaking with a mortgage consultant can help transferees narrow down their options according to their particular housing needs.