The biggest challenge to today’s housing market is the shortage of housing inventory for sale. A normal market would see a six-month supply of homes for sale. Currently, that number is below four
Existing Home Sales Reach Highest Mark Since 2007
Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.
January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.
NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home."
Experience with regular home sales, short sales, foreclosures, HUD homes, no down payment program homes, investors who flip homes or buy rentals, commercial properties, land sales, lake front properti....