While I will move to our local market reports over my next few blog posts, this one will cover the latest from across the nation according to the National Association of REALTORS®. The headline is that existing home sales dropped for the sixth straight month in July.
4906 81st Ave Ter E, Sarasota, FL 34243
Looking for a quiet retreat, look no further. This charming single-family home sits on a .31-acre private cul-de-sac lot with mature landscaping and a distant water view. The covered, screened-in porch adds an additional 230 square feet and is the perfect place to relax and take in the sights and sounds of the various wildlife while enjoying your favorite drink.
There are many reasons why home ownership is more compelling than renting. The infographic below from Florida Realtors via NAR highlights seven important ones.
We have seen the brakes heavily applied to the number of real estate transactions in the United States. The chart below, from the National Association of Realtors, shows just how much has changed in recent months.
Mortgage rates are now falling almost as fast as they rose over the last several months (see the chart below). While that doesn’t mean the housing market will bounce right back to where it was, it should slow the rate of decline in housing transactions. We are experiencing quite the roller coaster ride. Contact me with questions.
