CB Premier Real Estate News

Home Sales Rise in September . . . .


The Highest Level in a Year
Posted: October 22, 2014 by Norman Polsky

As reported by The National Association of Realtors . . .

Home sales in the U.S. rose by 2.4% in Sept . . . 29% were first-time buyers

They attribute this growth to higher employment rate and the lowest mortgage rates since June of 2013. This growth exceeded the the projections of most economists. They see an upward trajectory for the market over the next few months if the job market continues to grow and mortgages rates hold steady.

The main issues for most real estate brokers today is a low inventory of homes to sell. Many sellers today are waiting for the "Spring Market" but all indications are that they maybe missing a great opportunity.

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