College Station Real Estate Market On the Rise

The National Association of Home Builders/First American Improving Markets Index (NAHB/IMI) recently released their report showing which areas of the country indicate an improved local economy. Thanks to its positive job growth, increasing home prices and higher housing permits, College Station is one of 11 Texas cities that have made it onto this list. This proves that the College Station real estate market is on the rise.

The NAHB/First American IMI looks at three factors to determine a which metropolitan areas have shown a measurable improvement: employment, home prices and single-family housing. A rise in jobs, home prices and single-family housing indicates that the College Station real estate market is showing its strength. According to this report, employment levels have increased 4.5%, home prices have gone up 7.8% and permits to build single-family homes has risen by 3%.

The index updates its list monthly using the most recent data available. January's index indicates an 85% increase of housing markets across the country that show a marked improvement from the previous month. December's index contained only 41 markets that had improved. November 2011's statistics showed 30 markets, while October 2011 only had 21 markets showing improvement.

What do these numbers mean for you? If you are interested in purchasing a College Station home, there's no time like the present. With home prices beginning to rise, you'd better start looking now. If you are looking for a wonderful place to live that offers good job prospects and a steadily growing economy, College Station is for you! Just let me know when you're interested in looking so I can help you achieve our goal of homeownership.

Stephanie Hansson, Living the Good Life in Bryan – College Station Real Estate

Originally posted on my Living in Bryan-College Station real estate blog here: http://livinginbryancollegestation.com/college-station-real-estate-market-rise/.