August real estate reports show continued rise in sales and prices. "Existing-home sales increased in August and reached the highest level in six-and-a-half years, while the median price shows nine consecutive months of double-digit year-over-year increases, according to the National Association of Realtors®."
The lack of inventory isn't only in the Philadelphia area either. Data from realtor.com, NAR’s listing site, shows large declines in inventory from a year ago in Naples, Fla., down 23.5% ; the Detroit area, down 23.3%; and the greater Boston area, down 20.7%.
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Thinking about moving UP? It may be a good time to make a move
"Housing demand by trade-up buyers is rising as the home equity available to these prospective buyers is improving as foreclosures sales decline nationwide and are in high demand in many fast-rising markets" According to a recent Real Estate Economy Watch article.
"...higher home prices are bringing out trade-up demand from existing homeowners who are experiencing rising home equity, which supports a down payment on their next bigger house."
www.realestateeconomywatch.com
If you are curious what you're home is worth in today's market and what you could afford to purchase, contact me (or any Realtor) for guidance. I can provide the necessary information to make the best decision for you and your family.
The lack of inventory isn't only in the Philadelphia area either. Data from realtor.com, NAR’s listing site, shows large declines in inventory from a year ago in Naples, Fla., down 23.5% ; the Detroit area, down 23.3%; and the greater Boston area, down 20.7%.
For more details click here
Thinking about moving UP? It may be a good time to make a move
"Housing demand by trade-up buyers is rising as the home equity available to these prospective buyers is improving as foreclosures sales decline nationwide and are in high demand in many fast-rising markets" According to a recent Real Estate Economy Watch article.
"...higher home prices are bringing out trade-up demand from existing homeowners who are experiencing rising home equity, which supports a down payment on their next bigger house."
www.realestateeconomywatch.com
If you are curious what you're home is worth in today's market and what you could afford to purchase, contact me (or any Realtor) for guidance. I can provide the necessary information to make the best decision for you and your family.
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