Did You Know Existing Home Sales Reached Highest Mark Since 2007

Dated: 02/24/2017

Views: 1525

Existing Home Sales Reach Highest Mark Since 2007 [INFOGRAPHIC] | MyKCM

Highlights:

  • Sales of existing homes reached the highest pace in a decade at a seasonally adjusted annual rate of 5.69 million.

  • January marked the 59th consecutive month of year-over-year price gains as the median home price rose 7.1% to $228,900.

  • NAR’s Chief Economist, Lawrence Yun had this to say, “Much of the country saw robust sales activity last month as strong hiring and improved consumer confidence at the end of last year appear to have sparked considerable interest in buying a home." 

Want to Advertise on this Site?

Latest Blog Posts

5 Powerful Reasons To Own Instead Of Rent

Owning a home has great financial benefits.In a recent research paper, Homeownership and the American Dream, Laurie S. Goodman and Christopher Mayer of the Urban Land Institute explained:

Read More

Now Is The Time To Move Up And Upgrade Your Current Home

Homes priced at the top 25% of the price range for a particular area of the country are considered “premium homes.” In today’s real estate market, there are deals to be had at the higher end!

Read More