Home sales slipped slightly in March but were much higher than levels a year ago. Home sales slipped slightly in March, according to the latest reading from the National Association of Realtors..
Statewide, sales dropped 7 percent from a year ago and nationally they slipped. chief economist with the National Association of Realtors. “Realtors are reporting diminished buyer traffic because.
The National Association of Realtors says its seasonally adjusted index for pending home sales rose. is 4.3% below a year ago. Steady job gains and near-record low mortgage rates have helped drive.
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The office market is very flat, only a shade above last year which was the worst year on record. The average size is way below 5,000 sq. ft. Of 50 -70 leases signed only 4 were above 10,000 sq. ft. in size. The uncertainty of financing, tax laws, estate planning gives way to no decision by businesses.
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Besides leaving fewer homes on the market for buyers, the crunch discourages sales by pushing up prices. The median existing home price was $240,200 in August, up 5.1% the past 12 months, the Realtors.
However, the oldest millennial will be turning 29 years old this year and entering the house-buying age as their needs adjust. Moreover, millennials still make up the largest segment of buyers (45% according to Realtor.com). As a result, we can expect that demand from millennials will continue to unfold in 2019.
Existing Home Sales Inched Up 0.7% in September. to the National Association of Realtors.. buyers who have been held back by higher prices this year,” said Yun. First-time buyers were 29%.
NAR’s report noted that properties stayed on the market for 37 days in February, which is down from 41 days in January and 45 days a year ago and 46% of homes sold last month were on the market for.
The median price in the Midwest was $188,800, up 5.4% from a year ago. Existing home sales in the South jumped 14.9% in February to an annual rate of 2.39 million and were down 0.4% compared to.
The National Association of Realtors is well aware of this, as the percentage of first-time buyers declined in July for the second consecutive month, falling from 30% in June to 28%. A year ago, first.