The real estate industry saw improvements in 2013, with price appreciation and continued sales. However, 2014 is expected to bring higher interest rates, which will lead to fewer potential buyers. According to a survey by Redfin real estate agents in December 2013, only 65% of agents said 2014 will be a good time to put […]
According to the Commerce Department, new home sales declined 2.1% in November at an adjusted annual rate of 464,000, compared to an upwardly revised figure of 474,000 in October. Despite the drop in home sales, last month’s figure exceeded economists’ estimates of 440,000. Commerce also revised August and September’s numbers upward because more prospective homebuyers […]
The National Association of REALTORS announced today that existing home sales during the month of July rose by 6.5% compared to June and also saw a 17.2% increase year over year. According to the NAR, existing home sales were up from a downwardly revised figure of 5.06 million in June to a seasonally adjusted annual […]