Market Updates
13 Consecutive Months of Double Digit Increases
The trend of sales being at a double digit increase over their corresponding month in the previous year has now carried over into 2014. Sales in January of 2014 were up 18% over those in January of 2013 and a staggering 40% jump over 2012. Record sales have now reached thirteen consecutive months…and counting. Pending…
Read MoreJanuary Market Update
There was a mix of good and bad housing news the last couple of weeks, as Pending Home Sales were down 8.7 percent in December from November. The report cited harsh weather for the decline. New Home Sales also fell by 7 percent from November to December, to an annual rate of 414,000. While the…
Read MoreHousing Sales Continue Record Pace
For the 10th consecutive month in 2013 sales have outpaced those for the same period in 2012 by double digits. The nearly 1,300 houses sold thus far this year is a high water mark for recent years since the housing bust of late 2008. In fact, total sales in 2013 are double digits ahead of…
Read MoreMarket Update
For the 9th consecutive month in 2013 housing sales have outpaced the same time period in 2012 by double digits. For September the increase was 64% and sales under contract, but not yet closed were at a double digit increase, too! This is the 3rd time this year that sales have increased over their corresponding…
Read MoreMortgage Rates on the Rise – News for Buyers & Sellers
Mortgage rates for 30 year fixed mortgages have risen to the highest level in 2 years according to a CNN Money article on July 11th. Rates on April 25th were hovering around 3.40% and on July 11th, the spiked at 4.51%. The Fed’s Ben Bernanke, said the Fed would soon start tapering off its purchases of up to…
Read MoreMortgage Rates on the Rise – News for Buyers & Sellers
Mortgage rates for 30 year fixed mortgages have risen to the highest level in 2 years according to a CNN Money article on July 11th. Rates on April 25th were hovering around 3.40% and on July 11th, the spiked at 4.51%. The Fed’s Ben Bernanke, said the Fed would soon start tapering off its purchases of up to…
Read MoreLatest Market Report
Housing sales in March were at a double digit pace of increase over both last month and March of last year. This represents the 3rd consecutive double digit monthly increase. In fact a combination of closed transactions and those under contract, but not yet closed, represents true market activity. And for the 1st Quarter of…
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