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Health & Fitness

Continued Improvements in Housing Markets Across the Nation

By: Villages of Urbana

Countless economists and real estate professionals are celebrating the amazing improvements in the housing market in 2013. And with December reports just now pouring in, what was the final word for the year? According to the National Association of Home Builders/First American Leading Markets Index (LMI), improvements continued and are expected to continue throughout the new year.

Rick Judson, NAHB Chairman, notes that “more markets are slowly returning to normal levels” and that they “expect this upward trend to continue as an improving economy and pent-up demand brings more home buyers back into the marketplace.” We certainly know this to be true in Villages of Urbana! As we’ve written about before, our local market recently topped the list of ‘housing markets that are back to normal’. To find that more and more regions across the nation are following suit is a promising sign!

Specifically, “56 out of the approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity.” This is a two-market gain from the previous month and pushes the nationwide average to run at “86 percent of normal economic and housing activity” – truly incredible progress.

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While the predicted advancements aren’t expected to move as quickly as they did in 2013, they certainly don’t show any signs of stopping. Most importantly, the gains will continue but at a more sustainable and steady pace. This allows smart homeowners to take advantage of the market and invest in a new home they love.

The new homes for sale in Villages of Urbana are exactly what home shoppers are looking for.  Potential buyers want to live in an incredible community that’s in close proximity to everything they need, as well as provides quality built and beautiful homes to make their own.

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Not only are our townhomes some of the best in the Urbana market, but they’re tucked away in our thriving and independent community. With a market district that includes a grocery store and multiple shops, pools and playgrounds throughout, an elementary school, and a welcoming community atmosphere, new residents might wonder why they ever lived anywhere else!

Source: The National Association of Home Builders


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