Recent Public Perception of Real Estate Industry Trending More Positive, and Shows Increasing Consumer Confidence

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Based on a recent poll conducted by Gallup, the American public’s perception of the real estate industry is beginning to improve to levels not seen since 2007, before the onset of the economic downturn in 2008. The improvements in ratings of the real estate industry likely are due to the recent recovery of the housing market from the depths of the housing crisis.

In addition, this recent public opinion reversal is largely attributed, based on the Gallup survey, to broader improvement in the economy, as well as increased consumer confidence, resulting in a more positive view on the part of the public related to the real estate industry as a whole.

Furthermore, a recent report from Fannie Mae shows that, despite recent rises in mortgage rates, consumers do expect home prices to continue their recent steady rise. One additional trend worth noting is the month of July also saw where consumer credit increased $10.4 billion (or 4.4% annualized), as non-revolving credit increased 7.4% and revolving credit fell 2.6%, continuing a trend where consumer credit has increased every month since August of 2011. This indicates that credit is becoming easier to obtain, which could help in increasing consumption and economic growth. As such, this potentially bodes well for homebuilders, who have also seen recent gains, in line with increasing home prices.

What does all of this mean? We see that these trends, as well as the public’s perceptions, are continuing to show a gradual growth in real estate nationally. However, while mortgage rates have been on the rise, such rates are also still at all-time historically low levels. Therefore, why not consider looking for a new home in the Great Smoky Mountains area today, with many great homes still available to choose from? Please feel free to browse our available properties today, and see what the Smoky Mountains have to offer for you. There are many great homes still available for you to take advantage of, and you can realize your dreams of owning a home today in the beautiful Smoky Mountains!

 

Here Are A Few of My Featured Listings:

Spacious Home w/Great Mtn Views Spacious home full of character & detail. A vintage door from the 1890’s welcomes you inside where you will find vaulted ceilings, lots of windows and lots of unique spaces. Type: Single Family Home Location: Gatlinburg ,Tennessee Price: $359,200 Get more information¬†>
Privacy & Mountain Views Enjoy privacy, mountain views and great outdoor spaces in this Sevierville log home. Inviting and comfortable it features soaring ceilings, a breakfast bar, tile counters in the kitchen and much more! Type: Single Family Home Location: Sevierville,TN Price: $359,900 Get more information >
Beautiful Mountain Sunsets Incredible large diameter log construction creates a special, solid, and timeless appeal. Type: Single Family Home Location: Pigeon Forge Price: $450,000 Get more information >


The Jason White Team
Century 21 Four Seasons Realty
1441 Wiley Oakley Dr
Gatlinburg, TN 37738
Toll Free: 877-678-2121
Fax: 865-436-7227
Email: jason@jasonwhiteteam.com
Website: www.SmokyMountainLifestyle.com

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