Dec 23 2017 49002 1

Dec 23 2017 49002 1


    Existing Home Sales Reach Highest Annual Pace in 11 Years

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Some Highlights:

  • 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.”


Linda Treadway Headshot
Author:
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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