Existing Home Sales Reach Highest Annual Pace in 11 Years
Some Highlights:
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Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
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The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
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NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
The Down Payment Assistance You Didn’t Know About
Believe it or not, almost 80% of first-time homebuyers qualify for down payment assistance, but only 13% actually use it.
Is Your House Priced Too High?
Pricing your house correctly is one of the most crucial steps in the selling process and if you’re asking too much you may be turning potential buyers away.
Falling Mortgage Rates Are Bringing Buyers Back
If you’ve been hesitant to list your house because you’re worried no one’s buying, here’s your sign it may be time to talk with an agent.
Mortgage Rates Drop to Lowest Level in over a Year and a Half
Mortgage rates have fallen more than half a percent . . . and are at their lowest level since February 2023.
The Best Time to Buy a Home This Year
Mortgage rates just hit their lowest point in 19 months, and that goes a long way to help with your purchasing power and affordability. Are you ready to buy?
Why Pre-Approval Should Be at the Top of Your Homebuying To-Do List
While home affordability is finally starting to show signs of improving, it’s still tight. Your lender can help you.
2025 Housing Market Forecasts: What To Expect
Looking ahead to 2025, it’s important to know what experts are projecting for the housing market.
Could a 55+ Community Be Right for You?
the number of listings tailored for homebuyers in this age group has increased by over 50% compared to last year.
Are We Heading into a Balanced Market?
Whether you’re buying or selling, understanding how the market is changing gives you a big advantage. Your agent has the latest data and local insights.
What’s the Impact of Presidential Elections on the Housing Market?
Historically, the housing market doesn’t tend to look very different in presidential election years compared to other years.