Many of our readers at Smith Mountain Lake and beyond, are thinking of buying or selling a home. The question plaguing most in that situation is how the current economy would affect their purchase or sale. Well according to the experts, the news is good, and there is a steadily improving Housing Market……about 12% over the past year.
After several years of decline and a very discouraging decrease in construction and real estate sales, the charts are now showing a slow but steady incline again. In addition, the prices of homes have also crept up over the last 12 months by about 10%. Though no one can predict the future for certain, the signs appear to be hopeful it points to a continued improvement in the housing market. For more information visit Seeking Alpha.