Home sales rose slightly last month. This is the sixth month in a row that home sales have increased. Lawrence Yun, NAR chief economist, says “We’re clearly on a recovery path”. This is a good sign and sales should continue to increase.
There are all types of buyers out taking advantage of the market. First time buyers purchased 33% of homes sold in March and all cash buyers purchased 35% of the homes sold, for example. With the market current market conditions, it makes more sense to purchase a property then renting.
- U.S. Existing Home Sales Rise, Fail to Recover Ground Lost (businessweek.com)
- Economic Report: Existing-home sales rebound a bit in March (marketwatch.com)
- Spring Market Conditions Bode Well For Buyers (tammyprice.wordpress.com)
- ‘Uneven’ housing recovery continues (money.cnn.com)
- Existing-home sales up in March (kimhoard.wordpress.com)
- Home sales continued slow recovery in March (seattlepi.com)
- Existing Home Sales Rise Pretty Much In Line With Expectations (businessinsider.com)
- Home sales rebound in 49 states (jefftung.net)
- Existing Homes Sales Up 3.7 Percent but Off 6.3% from a Year Ago (coydavidson.wordpress.com)