Existing Home Sales Inch Up In January

                                                                352-279-0899

   Existing Home Sales Inch Up In January 

Exising Home Sales Inch Up In January [INFOGRAPHIC] | Keeping Current Matters

Some Highlights:

  • Existing Home Sales rose to an annual rate of 5.47 million, representing an 11% increase year-over-year.
  • Inventory levels remain below the 6-month supply needed for a normal market at a 4.0-month supply.
  • Lawrence Yun, NAR's Chief Economist, warns: "The spring buying season is right around the corner and current supply levels aren't even close to what's needed to accommodate the subsequent growth in housing demand."

Comments

Post a Comment

Popular posts from this blog

Buying A New Home ?

Image
                                                                             352-279-0899 Real Estate – Benefit From These Buying Tips! When beginning with real estate buying, you most likely have a lot of questions floating around in your mind. You probably feel lost when looking at the documents associated with making a purchase, too. Take a look at these tips below to eliminate your confusion and to start buying smart. Make sure that the offer you make on your desired real estate is attractive to the seller. Confer with your realtor and lawyer so you have a realistic approach in the offer...
Read more

Buying a Home is More Affordable Than Renting in 66% of US Counties

Image
                                                                 352-279-0899 Buying a Home is More Affordable Than Renting in 66% of US Counties According to ATTOM Data Solutions’ 2017 Rental Affordability Report , buying a home is more affordable than renting in 354 of the 540 U.S. counties they analyzed. The report found that “making monthly house payments on a median-priced home — including mortgage, property taxes and insurance — is more affordable than the fair market rent on a three-bedroom property in 354 of the 540 counties analyzed in the report (66 percent).” For the report, ATTOM Data Solutions compared recently released fair market rent data from the Department of Hous...
Read more

Walkable neighborhoods: Demand up but supply low

Image
                                       Walkable neighborhoods: Demand up but supply low   WASHINGTON (AP) – Jan. 29, 2016 – Few neighborhoods can match the perks of Adams Morgan in Washington, D.C. – a reality that reflects a broader problem for the U.S. housing market. Residents of Adams Morgan enjoy a bevy of bars, restaurants, exercise studios and shopping, just steps from their row houses and condo buildings. Home values are reasonable relative to neighborhood incomes. And in general, the area schools rate as better than average nationally. Across the country, just 14 percent of neighborhoods manage to be at once affordably priced, walkable and near decent schools. And many of those neighborhoods exist in only two cities: Washington and Seattle, according to a new ana...
Read more