On a domestic level, low mortgage rates had a real impact on the housing market. And, November data affirms the rates helped revive a general slow down. In fact, data for new home sales showed an uptick to the tune of 733,000, just in October. Now, that’s only one indicator. Other months in summer and fall 2019 also showed upticks …
In recent events, an increase in interest rates by nearly one percent has caused a stir. As a result, some think it has a negative impact on home buying. Although, to date, it has not caused a decrease in the number of people entering the homes market. On the contrary, it’s as if it has helped spur a strong increase. …
Our previous blog covered some of the positive trends in new home sales and an overall healthy 2016 real estate market. Similar trends have developed for existing home sales in 2016. In fact, existing home sales up 3 consecutive months, as of November makes for some positive prospects in 2017. The uptick in November registers at 0.7%. Not bad for …
In recent news we’ve learned that new home sales spiked in November with high demand in 2016. The news points to a housing market that is anything but stagnant. In fact, it’s showing healthy signs, even as we move into a typically slow period for real estate. Telling factors in the uptick comes with specific new homes data. In November, …
