Existing Home Sales Reach Highest Annual Pace In 11 Years

Dated: 12/22/2017

Views: 87

Existing Home Sales Reach Highest Annual Pace in 11 Years 

Existing Home Sales Reach Highest Annual Pace in 11 Years [INFOGRAPHIC] | MyKCM

Some Highlights:

  • Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.

  • The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.

  • NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”

Blog author image

Raul Acuna - CA BRE #01708572

Raul Acuña - Raul has been in the Real Estate Industry since 2005. Raul began working at an REO brokerage before opening his own REO company in 2010. Raul has a business degree from Cal Poly Pomona, ....

Want to Advertise on this Site?

Latest Blog Posts

Selling Or Buying A Home During Covid19

Many people are in a position where they need housing. If you find yourself needing to sell a home or buy a home in today’s Coronavirus environment, here are some guidelines and best practices.

Read More

Home Warranties What You Should Know

Sellers are starting to offer a one-year home warranty to cover repair costs for items such as Roof, HVAC, plumbing, appliances, pools, etc. The tactic, which is gaining popularity, is meant to

Read More

Covina Home Coming Soon

4008 N Orange Ave, Covina$450,0002 Bedrooms1 bathroom809 sq ft5,165 sq ft Lot1950 Yeart BuiltFor more info contact:Raul AcuñaAcuña & Co. Real Estate626-374-8479raul@acunaandco.comCA BRE

Read More

New Condo Rules Will Open More Doors For Buyers

NAR: New Condo Rules Will Open More Doors for BuyersThe association says changes to FHA financing qualifications will bring more entry-level homes to the market, helping to meet buyer demand.The

Read More