U.S Home Sales JUMP!!

By
Real Estate Agent with William Raveis Real Estate

U.S. home sales jump more than 4 percent in Jan.

Today


Well, it's about time we got some good news regarding the home market... I came across this just today and wanted to share it with everyone! It's going to be a GOOD year!

 

Sales of previously occupied homes rose in January to the highest pace in nearly two years, flashing modest signs of health ahead of the spring-buying season, The Associated Press reports.

The National Association of Realtors said Wednesday that U.S. sales increased 4.3 percent last month to a seasonally adjusted annual rate of 4.57 million. That's the highest level since May 2010.

Home sales have risen in three of the past four months. But they remain well below the 6 million that economists equate with a healthy market.

The report offered a mixed picture of the slowly improving housing market. The number of first-time buyers, who are critical to a housing recovery, increased slightly to make up 33 percent of all sales. That's still below 40 percent, which tends to signal a healthy market.

Sales of homes at risk of foreclosure also increased to 35 percent of all purchases. Those sales hurt the market by lowering broader home prices.

The Realtors group also revised December's sales figures to show a 0.5 percent decline. It had initially reported a 5 percent increase.

Posted by

                                                          

  Leslie Roche, Realtor e-Pro

Residential & New Homes Specialist

 860-916-8008

William Raveis Real Estate

Glastonbury, Ct

leslieroche.raveis.com

lesliejroche@mail.com

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Rainer
53,328
Susan Shaw
Premiere Plus Realty Co.Marco Island, FL - Marco Island, FL

We are seeing some great improvement in our market here on Marco Island, Florida. Finally getting mutiple offers again on well priced properties and our inventory is well down in single family homes, condos and vacant land. At last this is going to be a great year. 

Feb 22, 2012 11:38 AM #1
Rainer
329,276
Donald Reich
Prudential Centennial - New Rochelle, NY

Lelsie this is a slow process, with lots of ups and downs. Regardless, this is the BEST time to buy!

Feb 22, 2012 12:40 PM #2
Rainmaker
1,019,740
Tim Lorenz
TIM LORENZ - Elite Home Sales Team - Mission Viejo, CA
949 874-2247

I have to tell you it is one large jump for a single month.

Feb 22, 2012 01:31 PM #3
Rainmaker
387,620
John F Muscarella
RIVER FARM PROPERTIES, LLC - Venice, FL
Broker/Owner, Venice, FL, Florida's Suncoast

Yeah I think it is a good shot in the arm and the national exposure to the info will help.  But while I think this year will be good, it's 2013 that holds more promise as we will hpefully remove more bad homes from the market.

Feb 22, 2012 07:07 PM #4
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Rainmaker
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Leslie Roche

Your Real Estate Resourse, William Raveis Real Est
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