Yesterday, the National Association of Realtors (NAR) released their Existing Home Sales Report. The numbers shocked many analysts as they revealed a 10.4% increase over the same month last year. This is the highest number of sales since September 2013. Sales have increased year-over-year for six consecutive months and the 10.4% increase is the highest annual increase since August 2013. March's sales increase was the largest monthly increase since December 2010.
Lawrence Yun, NAR’s chief economist, explained:
"After a quiet start to the year, sales activity picked up greatly throughout the country in March. The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years."
Here is a graph showing home sales so far this year.
Increase in sales occurred in every region of the country even the Northeast that experienced one of their roughest winters in years:
Houses are flying off the shelves. This may be the perfect time to sell yours.
Source: www.keepingcurrentmatters.com
222 East 18th Street
Cheyenne, WY 82001
Phone: 800-280-8655
Direct: 307-634-5941
Toll Free: 800-280-8655
Fax: 307-632-1015
NOTICE: This is not a commitment to lend or extend credit. Restrictions may apply. Information and/or data is subject to change without notice. All loans are subject to credit approval. Not all loans or products are available in all states.
Third-party web sites may have privacy and security policies different from Wallick & Volk. Links to other web sites do not imply the endorsement or approval of such web sites. Please review the privacy and security policies of web sites reached through links from Wallick & Volk web sites.
Wallick & Volk Corporate NMLS #2973. View full list of license and disclosures
Privacy Policy | NMLS Consumer Access | Disclosures and Licenses | Unsubscribe
Copyright © Wallick & Volk 2016. Additional Copyrights