Despite lower inventory the extended cold temperatures had an effect on home sales compared to the same time 2013. Economists have indicated that this was a national effect on the housing markets however should be a short term effect on the overall health of the 2014 housing market. Click on the link below to get the recent ...
Housing recovery still occurring for most of the nation. . .
Traditional home sales were up almost 20% compared to a year
ago while foreclosure sales are down 33% which are strong indicators for the housing recovery. Here’s a recent news release from the Minneapolis Area Association of Realtors:
Pending home sales levels are at the highest since June 2005 and the average days on market are down to levels since January 2007. All encouraging data and important to keep a watch on the employment numbers and consumer confidence levels going through the summer months. This will also impact the direction of interest rates.