The National Association of Realtors reported, today that homes sales were down 5% from July. The pointed 1 finger at the apparent lack of inventory. I don't think I totally believe their premise as to why. In our area we have seen "some" increased inventory but sales were slower coming but stronger than last year. I think there is uncertainty with the economy which is reflected in the way the stock market has been acting of late. Plus, it was August and end of summer many times sees a slowdown before the Fall season kicks in.
The good news is that sales are up 6.2% year over year.
Here's the link to the article:
http://www.realtor.org/news-releases/2015/09/existing-home-sales-stall-in-august-prices-moderate
What are your thoughts on the NAR report.
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