Existing Home Sales Sept ’14 – Jan ’15
Existing Home Sales slipped in January, coming in below expectations. The annual rate of 4.82 million units was the lowest level since last April as tight inventories, brutal seasonal weather and the ongoing rise in prices kept buyers out of the market. Despite the decline, sales are up by 3.2 percent from a year ago. And while New Home Sales in January were flat, the overall pace of sales hovers near a six-year high as the economy and job market continue to improve. Sales of new homes are up a solid 5.3 percent from a year ago.
The bottom line is that home loan rates remain attractive, and now is a great time to consider a home purchase or refinance. Please let me know if you have any questions firstname.lastname@example.org or you can contact Dan Bello of RMS Mortgage directly at Dan.Bello@RMSmortgage.com