Home Sales Will Remain Hot This Summer
People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot.
People always talk about the “spring buying season” when they talk real estate. However, this year it appears as though the summer real estate market will be just as hot.
Some Highlights: Existing Home Sales are 9.2% higher than just one year ago. Home Prices are 7.9% higher than last year this time. The $250-500K price range leads the way with the largest improvement from last year at 17.4%.
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There has been recent press regarding whether or not it makes better financial sense to rent rather than buy in today’s housing market. As an example, the recently released June Summary of the BH&J Buy vs. Rent Index reported: “…as of the end of the first quarter of 2015, the housing market in the U.S.…
The National Association of Realtors’ (NAR) latest Existing Home Sales Report revealed that first time homebuyers made up 32% of all sales in the month of May; marking the highest share since September 2012 and up from 27% the same time last year. NAR’s Chief Economist, Lawrence Yun, cited “strong job gains among young adults,…
The National Association of Realtors’ most recent Existing Home Sales Report revealed that home sales were up rather dramatically over last year in five of the six price ranges they measure. Only those homes priced under $100,000 showed a decline (-10.1%). The decline in this price range points to the lower inventory of distressed properties available for sale…
Buying out-of-state property or property in a different country can be very rewarding. Due to the fact that you’re not bound by your current location’s limitations, you have access to property in prime locations elsewhere. Prices could be in your favor, rental demand could be through the roof, or maybe you’re simply able to diversify…
With the start of summer (and the end of school) this month, June is the perfect time to prep your house and yard for a season of relaxation and fun. And if you’ve fallen behind in your house chores, don’t worry — you can use this month to catch up, too. Get ready for summer…
National Homeownership Month actually started as a week-long celebration of homeownership during the Clinton administration in 1995. In 2002, President George W. Bush proclaimed June as the National Homeownership Month. Here is an excerpt from his proclamation: “Homeownership is an important part of the American Dream…A home provides shelter and a safe place where families…
Inventory Levels are still below the 6.0 month level necessary for a normal market Home Prices have experienced year-over-year gains for 38 straight months Home sold faster than any time since June 2013, in just 39 days