Improved Housing Market For Remainder of 2014?

redfin.com

Freedigitalphotos.net

  • Last year was the strongest year for home sales since the recession and June of 2014 came very close (down only 2.5%) from the record highs set last June.
  • Housing demands are increasing based on data of foot traffic and offers made.
  • Price growth is becoming more steady which points to a more stabilized market vs the roller coaster market seen in 2011 and 2012 with home prices tanking and then experiencing huge increases. 
  • Housing inventory is making a comeback; the number of homes for sale in June was above 500,000, which is up 8% from June of last year.

Leave a Reply

Your email address will not be published. Required fields are marked *