I always try to be a positive person and I try my hardest this time of year. Everyone should be jolly! So here are bits of good news I’ve discovered in the market recently…
- Pending sales of existing U.S. homes surged in October by the most in nearly a year. And I should know, I’m in escrow on one- about to be two properties. My clients aren’t alone; Americans are taking advantage of low interest rates for mortgages.
- Sales of existing homes jumped in October, they are up 1.4%, rising to 4.97 million units from a downwardly revised 4.90 million the previous month.
- The supply of homes on the market is on a continuous decrease, which is a sign of health. This will start giving demand a chance to increase for the first time in a long time.
I am a very positive person but I promise my information isn’t skewed. I am happy to report that everywhere I look there are happy reports!!
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