More Consumers Expected to Need Home Insurance Quotes

A growing number of Americans are in the market for home insurance quotes now that the real estate industry is showing stronger signs of life.

One of the most recent examples of this trend comes from the National Association of Realtors, which announced that existing home sales have now increased for four consecutive months.

"In addition to first-time buyers, we’re also seeing increased activity by repeat buyers. While many entry-level buyers are focused on the discounted prices of distressed homes, they're also freeing some existing owners to sell and make a move," said NAR president Charles McMillan.

The NAR reported that in July, existing home sales were up 7.2 percent over June's figures, for a total of 5.24 million units sold. The organization pointed out that the industry has not seen four consecutive monthly sales increases since June 2004, and this is also said to be the strongest one-month sales increase since November 2005.

Distressed homes still account for about one-third of the current real estate transactions, indicating that consumers are continuing to benefit from low prices. Still, the increased sales activity is also starting to chip away at what had been a large nationwide backlog of unsold homes, indicating that higher prices could be apparent in the coming months.

With this in mind, shopping around now for real estate bargains and good home insurance quotes may be a financially wise decision.