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economy

Home Sales at Highest Level in Over 9 Years

Sales of existing homes rose 1.8% in May, the highest level since early 2007 and up 4.5% since May 2015. A combination of low mortgage rates and a relatively healthy job outlook has led to elevated demand for homes. Homes sold in May were typically on the market for just 32 days-the shortest marketing time measured since the National Association of Realtors began tracking the figure in 2011.

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The Lure of Homeownership

Homeownership has always been a part of the traditional American Dream. It may be surprising to some, but even with the recent sluggish economy and changes in mortgage regulations, many are still holding on to that dream. Read the REAL Trends article below for details on consumer views of housing and using a real estate agent:

Housing Recovery Remains on Firm Footing as Americans’ Housing Sentiment Bounces Back from an Autumn Dip

Housing Recovery Remains on Firm Footing as Americans’ Housing Sentiment Bounces Back from an Autumn Dip - Year-over-year gains in Americans’ attitudes toward homeownership demonstrate that the housing recovery continues to move forward on firm footing despite a drop in housing sentiment during the fall, according to Fannie Mae’s December National Housing Survey results. Forty-nine percent of consumers surveyed believe home prices will go up over the next 12 months, compared to [...] [Daily Real Estate News]