Real Estate Culture
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER

Real Estate is a LIFESTYLE

  Real Estate is indeed a lifestyle.  From contemporary layouts & interior design/decor, the rise and fall in economic markets, turn key and rehab properties - to know & understand the grit of real estate is to love what it represents.  Home.  Value.  Wealth.  Security blanket.  Personal accomplishment.  
Enjoy the information on this site, and refer your family and friends to indulge in Real Estate Culture!

Real Estate Update #homeownership #news #investment

2/28/2017

0 Comments

 
Picture
Source:  CALIFORNIA ASSOCIATION OF REALTORS

Real Estate Information You Should Know

- Existing home sales nationally stepped out to a fast start in 2017, surpassing a recent cyclical high and increasing in January to the fastest pace in almost a decade, according to the National Association of Realtors (NAR).  All major regions except for the Midwest saw sales gains last month.

- Total existing-home sales 1, which are completed transactions that include single-family homes, town-homes, condominiums and co-ops, expanded 3.3 percent to a seasonally adjusted annual rate of 5.69 million in January from an upwardly revised 5.51 million in December 2016.

- January's sales pace is 3.8 percent higher than a year-ago (5.48 million) and surpasses November 2016 (5.60 million) as the strongest since February 2007 (5.79 million).

- Lawrence Yun, NAR chief economist, says January's sales gain signals resilience among consumers even in a rising interest rate environment.  "Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home," he said.  "Market challenges remain, but the housing market is off to a prosperous start as home-buyers staved off inventory levels that are far from adequate and deteriorating affordability conditions."

- The median existing-home price 2 for all housing types in January was $228,900, up 7.1 percent from January 2016 ($213,700).  January's price increase was the fastest since last January (8.1 percent) and marks the 59th consecutive month of year-over-year gains.

0 Comments



Leave a Reply.

    Archives

    December 2018
    July 2018
    February 2018
    January 2018
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016

    Categories

    All

    RSS Feed

Powered by Create your own unique website with customizable templates.
  • Home
  • What is My Home Worth?
  • About
  • Contact
  • FIRST TIME HOMEBUYER SEMINAR - REGISTER