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Trulia Sees Markets Slowing Down While NAR Says They Are UP???
Chris B Johnson, REALTOR®, SFR®, CDPE®, CHS®                        Buying A Short Sale
HyperLocal Updates
There are signs that some of the hottest markets may be slowing down, while those slow to rebound are finally heating up. As the U.S. housing market has recovered from the Great Recession, homebuyers have been faced with declining inventory and worsening affordability. However, there are signs that some of the hottest markets on the Costly Coasts may be slowing down while slow-to-rebound markets in the Bargain Belt are finally heating up.
In this edition of Trulia’s Fastest Moving Markets Report, we not only look at how fast homes are moving off the market this home-buying season, but how those markets have changed over the past year. We found that:
Nationally, homes are moving off the market faster than last year: 66.6% of homes are still on the market after 30 days, which is down slightly from 67.8% from the same period a year ago. About 63.4% starter homes and 59.8% of trade-up homes are still on the market after a month, which is 2.1 and 3.1 percentage points faster than last year. Homes are moving fastest in San Jose and Oakland, but moving slowest in Fairfield County and Long Island, N.Y. Metros east of the Mississippi have sped ... more

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