The 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: 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 ...
Continue ReadingThe Takeaway: The above noted infographic was created using the National Association of REALTORS® monthly Confidence Index report. The REALTORS® Confidence Index is a monthly report that is compiled by surveying 50,000 real estate practitioners nationwide. It is just one of the tools used to monitor housing market strength month ...
Continue ReadingAccording to a recent study known as the Beracha, Hardin & Johnson Buy vs. Rent (BH&J) Index, the U.S. housing market continues to demonstrate that it is a financially sound plan to become a Homeowner, rather than continue to rent. The BH&J Index report is published quarterly and attempts to answer the frequently ...
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