It seems that the market is going to continue to drift higher as we approach the end of the year and as the stock market eked out another record ahead of the Thanksgiving holiday. Investors assessed the latest economic reports and corporate earnings and were able to decipher that stocks have rebounded strongly from a slump that lasted from mid-September to mid-October. Another report showed, US consumers spent modestly more in October, a slight improvement after no gain at all in the previous months. The reports show a picture of a good economy as slow growth is keeping inflation low and that’s holding down interest rates. The result is an environment in which stocks can prosper.
On the other hand, the median existing home price for all housing types in October was $208,300, which is 5.5 percent above October 2013. Monthly 2014 median price growth through October has averaged 5.8 percent and the increase in median prices for existing homes has leveled off, representing a healthier pace that has kept affordability for buyers in many parts of the country. Evidence of rising home prices can be found in National Association of Realtor’s annual survey, which revealed that the typical seller over the past year was in their home for 10 years before selling an all-time survey high for tenure of home-ownership.
For all of your real estate needs, whether buying or selling, and if you’re ready to look at getting started with your move in the market, call The Real Estate Marketing Group today at 678-207-1505 or email us at info@TheREMG.com. We will have one of our trusted professionals assist you every step of the way.
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