Real Estate Report
The Real Estate market is still going up big, 7.4% increase last month in home re-sales, according to the National Association of Realtors. At this rate, we are up 44% from last year for sfr, condos, townhomes and co-ops. Right now, every region in the United States is seeing significant increases. 8.4% in the mid-west, 5% in the south, 6.6% in the north east and almost 11% in the western region.
December is the 2nd month in a row that sales totals were higher in every price class. For most of the year, only the lower and moderate priced properties experienced sales gain while beautiful higher priced homes sat stale like eye soars in the mls. Now, with the help of available jumbo loan programs, they’re moving too.
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