spring: Home Buying Competition Expected This Spring
- 03/09/20 07:46 AM
Experts and economists are predicting a competitive upcoming home buying season, due to short inventory. The larget inventory drops where in Phoenix, San Diego, and San Jose, CA. however, sellers assets list price has increased on an average of 3.9%. Homebuyers are in luck since the 30-year-fixed mortgage rates have dropped to its lowest point in 50 years earlier this week, meaning that it is easier for them to purchase housing in this market. Finding a home can currently be hard for homebuyers because inventories remain low, and list prices are increasing. On another hand, the new construction is selling fast which will help to supply the unsatisfied U.S demand. In … (1 comments)
spring: Early Start on Spring Home Sales
- 02/29/20 11:35 AM
Newly built single-family home sales have significative escalated in January and February. As the warmer weather approaches in several areas of the U.S, home sales have increased, having a prompted start to the spring homebuying season.
Sales have increased by 7.9% in January to a seasonally adjusted annual rate of 764,000 units. In comparison to last year, sales are 18.6% higher.
The growing demand among homebuyers is encouraging homeowners to sell their properties, especially new construction since inventories remain low.
Economists agree that the past two months have been favorable for new-home sales. Besides, mortgage rates and unemployment continue to be low which makes this season great for … (1 comments)
Experts and economists are predicting a competitive upcoming home buying season, due to short inventory. 
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