Nicole’s Real Estate News – May 2015

Real estate sales nationwide have been on the rise. Statistics from home sales in March rose for the third straight month, remaining at their highest level since June of 2013, according to the National Association of Realtors.

Solid employment gains, attractive mortgage rates, and pent-up demand all point to the housing market moving forward throughout 2015 and into the next year.

According to Lawrence Yun, NAR’s Chief Economist, “Demand in many markets is far exceeding supply, and properties are selling at a faster rate than any time since last summer. Housing inventory for new and existing homes needs to improve measurably to improve affordability.”

 

PERSONAL UPDATE
Anyone looking to buy this year has likely already encountered some of the many pitfalls which the California housing market has to offer – – tight inventory and high prices to name a couple. It would seem that buying in California isn’t about to get any easier this Spring as a new study indicates that homes in California are moving faster than anywhere else in the nation –  and the market shows no signs of slowing down – good news if you are looking to sell.If you are thinking of selling, now would be an ideal time to chat about marketing and obtaining the highest possible price.
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