Existing home sales are currently at an annual pace of 5.81 million, the highest pace since December 2006.
The inventory of existing homes for sale has dropped year-over-year for the last 30 consecutive months and is now at a 3.4-month supply.
NAR’s Chief Economist Lawrence Yun had this to say: “Faster economic growth in recent quarters, the booming stock market and continuous job gains are fueling substantial demand for buying a home as 2017 comes to an end.”
Author:Linda Treadway Phone: 682-224-9848 Dated: December 23rd 2017 Views: 134 About Linda: I live in a multi-generational family. I grew up in Clear Lake and have lived in Pearland, Tiki Isla...
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