The Midyear Real-Estate Housing Report

By
Mortgage and Lending with Island Lending Hawaii, LLC | Equal Housing Lender NMLS# 312260 / 1460208

Midyear Housing Market Report

At the midpoint of 2015, the U.S. housing market is on track to have one of its best years since the market collapsed in 2008.

New home sales increased for the second month in a row in May, totaling 546,000 units. New home sales volumes are the highest they’ve been since February 2008.

Existing home sales are at their highest level in almost two years, and May marked only the third time since April 2007 that monthly sales have exceeded 5.3 million.

Nationwide, the median price of existing homes sold was $228,700, which is an increase of 7.9 percent year-over-year.

Rent prices are increasing in most markets at a similar pace or at an even greater pace than home prices. As a result, in a number of U.S. markets it would actually cost less to purchase a home than to rent.

 

Posted by

George Thoma     | NMLS 312260

Branch Manager  | Island Lending Hawaii LLC . | NMLS 1460208 

Phone: 808.357.9791 | Fax:  808.441.5341

Email: gthoma@ilhillc.comMy Website 

 

33 N. Market Street, Wailuku, Hi 96793

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