Thursday, February 21, 2013

Nationwide Real Estate Numbers

A new report from the National Association of Realtors have stated sales of existing homes has gone up by 0.4 % from the previous month.  In hard numbers its about 4.92 million homes.  Since January 2012, overall nationwide inventory has fallen by 25 %, this includes new construction.  NAR is reporting that new home construction is expected to continue to be a driving force in the real estate market and be even larger than last year.  This is from current homeowners who are underwater in their mortgage and cannot afford to sell their homes unless they're willing to take a hit.  As these inventories continue to drop, the prices will be pushed higher.

Today's Tidbit:  One of our team members came across this and may be helpful to someone who's making a large purchase at Sports Authority.  20% off a purchase of over $100.00

Huntsville Metro Area Homes