The Takeaway: The most recently released Quarterly Home Price Index report by the Federal Housing Finance Agency (FHFA) indicates that homes prices have risen an average of 6.64% nationally, Year- over-Year. The results were compared both on a regional and state level. West Virginia & Alaska were the ...
Continue ReadingThe Takeaway: Lauren Yun, Chief Economist for NAR, reported in his June 2017 address that Existing Home Sales reached their 3rd highest point in 10 years. Low Inventory now continues into its 24th consecutive month of year-over-year decline. This lack of market inventory has caused sales volume to drop by ...
Continue ReadingThe Takeaway: As with all goals, the desire to purchase a new home will likely require that your priorities are appropriately set and certain sacrifices are made. According to the B of A report, experienced Buyers indicated that they sacrificed taking a vacation or buying a new car, in order ...
Continue ReadingThe Takeaway: For what is now the 62nd month straight, there was an increase in the median Existing Home prices. We are currently at a median $244,800. This denotes an increase of 6.0% over last year. Existing and New Home sales decelerated, after a brief surge in March, partly ...
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