Wyoming #2 Most Stable State in Housing Market
According to Realtormag.com Wyoming is the #2 most stable state in the United States. The energy boom states according to Freddie Mac’s Multi-Indicator Market Index are the states that are leading in stability in the U.S.
“Less than half of the housing markets MiMi covers are showing an improving trend, whereas at this same time last year, more than 90 percent of these same markets were headed in the right direction,” says Frank Nothaft, Freddie Mac’s chief economist. “We’re hopeful that many of these markets that have stalled will start moving again now that mortgage rates have eased over the past month and the spring home-buying season is upon us. House-price gains are a double-edged sword at this stage of the recovery: They help those hard-hit markets where prices are still low and many home owners are underwater, but in areas where supply is constrained, they’re creating an imbalance and pricing out many first-time home buyers.”
This is great news for 1st time home-buyers and those looking for a second home.
Contact The NeVille Group today to find your next home in one of the most stable housing markets in the country!
“The Most Stable Housing Markets” – RealtorMag.com 5/29/2014