EXIT Realty Premier Blog
The market is doing well for the first six months of the year. Total home sales are up 5% compared to the fist half of 2015. Median existing home sales are also up 5%, setting a new record. The spring quarter has been the best its ever been in a decade. Robust appreciation has restored home equity for many homeowners encouraging them to consider selling and buying again.
There are more people purchasing homes than there are sellers. The supply of homes are down 5% from last year. According...
“With last month’s gain, sales are now up 4.5% from May 2015 and are at their highest annual pace sine February 2007” -Lawrence Yun NAR’s Chief Economist. US economic recovery shows signs of slowing with a strong dollar, a weakening global economy and low energy prices but the housing market is doing extremely well because Americans are still finding work and still buying mortgages with lower rate.
Market Updates for the U.S. show that listings are up from last year although there is a sight decline from last month. Prices for these listings have also gone up across the U.S. with a big leap from last month, according to realtor.
Jonathan Smoke, chief economist of realtor.com, says:“Our full read on April inventory and activity on realtor.com clearly show a robust buying season has fully bloomed this spring. Close to 550,000 new listings came onto the market in April, which helped t...
