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.”
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Inventory levels aren’t anywhere near where they’d need to be for prices to drop significantly and the housing market to crash.
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What To Do When Your House Didn’t Sell
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Do Elections Impact the Housing Market?
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How Long Will It Take To Sell My House?
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Housing Market Forecast: What’s Ahead for the 2nd Half of 2024
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Why a Vacation Home Is the Ultimate Summer Upgrade
If you’re excited about getting away and having some fun in the sun, it might make sense to own your own vacation home.
What You Need To Know About Today’s Down Payment Programs
If you want more information on down payment programs, the best place to start is by contacting a trusted real estate professional.
Worried About Mortgage Rates? Control the Controllables
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Home Prices Aren’t Declining, But Headlines Might Make You Think They Are
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