I did more preapprovals in the first 10 days of this January, compared to all of January 2012. In each of these discussions, it seems that the newer home buyers are aware that values are increasing and want to take advantage of current interest rates.
I am also hearing from folks that know they have credit challenges and want to know what can be done to repair their credit. This is a really smart step, as many want to become homeowners, but are not ready. The sooner they interact with a professional that understands credit the better.
Check out this article on the housing recovery:
"Clear Capital recently released its Home Data Index™ (HDI) Market Report with data through December 2012. Using a broad array of public and proprietary data sources, the HDI Market Report publishes the most granular home data and analysis earlier than nearly any other index provider in the industry."