The lack of inventory of single-family homes is definitely hampering sales. September was the second month this year that single-family home unit sales did not exceed the same month in 2016.
May 2017 single-family home sales were UP STRONGLY over May 2016. Every month so far this year has been up, and the market seems to be gathering momentum!
The new year has started off with mixed signals. However, it is too early to see a trend. The market certainly seems fairly busy for this time of year, and we expect 2016 to register moderate gains over last year in all categories of property.
The residential real estate market, now at its midpoint in 2015, is on track for its best year since the peak of the housing bubble in 2006, notes realtor.com® chief economist Jonathan Smoke. But as Smoke is quick to point out, this time it’s not a housing bubble. The buyer rush: Loan Demand Surges on…