As the year comes to a close, CLRSearch predicts 2012 may be the year the housing market begins to stabilize based on the analysis of listing prices and property searches on CLRSearch.com
Growing financial incentives and a recent increase in traffic for property searches could mean 2012 may be the year the housing market begins to stabilize according to real estate search engine, CLRSearch. After analyzing 2011 data, the stabilization in listing prices and the recent increase in property searches on CLRSearch.com leads the company to believe the New Year will hold the highest traffic season they have seen in some time.
According to Lawrence Yun, Chief Economist for the National Association of Realtors, the 2012 baseline forecast for existing home sales is a rise of 5 percent, while home prices will finally turn positive, albeit by only 2 percent. With the majority of consumers starting their home search online, CLRSearch is already beginning to see their website traffic numbers rise.