The housing market has seen a sharp uptick over the past several months, and it has the federal government to thank for it. Ever since the federal government handed out an $8,000 home buyer tax credit and lowered mortgage rates in 2009, about a million new buyers have entered the market. This stopped the bleeding of the slumping housing sector and preserved an estimated 900 billion dollars in home equity, according to the National Association of Realtors. The folks running Mint.com’s blog have created an infographic to showoff this recovery.
This graphic demonstrates how the number of home sales has been steadily increasing across many regions in the U.S over the past year. Notice the profound percentage increase year-over-year between Q3 and Q4 in total properties sold. The tremendous upswing in property sales makes this graphic worthy of being displayed across real estate offices across America. I recommend printing copies of it and distributing it to as many people in the real estate sector as possible.