The National Association of Realtors has published statistics recently, stating that the seasonal home sales index has risen 0.9% to 112.6% in the past month. This development shows an increase of home sales of 10.4% in the past 12 months which is just below the April 2006 level which was a little more than a year before the housing bust that caused the Great Recession.
Reasons for this increase can be found in the constant job growth and lower mortgage rates which create a more attractive market and is a sign for a stronger economy.
This recent development is predominantly visible in the Northeast and the West of the US, less so in the Midwest and South. Average mortgage rates for a 30 year fixed rate mortgage are 4.02%