01 May 2014

Beautiful Spring Weather Lures Homebuyers into Market

0 Comment

Neil_Gortler_home_624x468Warmer weather brought homebuyers into the market and pushed pending home sales up 3.4% in March, data from the NATIONAL ASSOCIATION OF REALTORS® shows. NAR Chief Economist Lawrence Yun said a gain was inevitable.

“After a dismal winter, more buyers got an opportunity to look at homes last month and are beginning to make contract offers,” he said. “Sales activity is expected to steadily pick up as more inventory reaches the market, and from ongoing job creation in the economy.”

The March gain was the first uptick in pending home sales in the past nine months.

Regional pending home sales were mixed:

Although home sales are expected to trend up over the course of the year and into 2015, this year began on a weak note and total sales are unlikely to match the 2013 level.

Existing-home sales are expected to total more than 4.9 million this year, slightly below the nearly 5.1 million in 2013. However, with ongoing inventory shortages in much of the U.S., the national median existing-home price is expected to grow 6%-7% in 2014.

Related: Poll Finds Homeownership Trumps Gold, Stocks, and Savings Accounts

Spring Weather Lures Homebuyers into Market
Source: http://feedproxy.google.com/~r/houselogic_blog/~3/GCkG5B1yj4o/
HouseLogic.com Blog
Latest entries on the HouseLogic.com Blog.

Neil Gortler on EmailNeil Gortler on FacebookNeil Gortler on LinkedinNeil Gortler on RssNeil Gortler on Twitter
Neil Gortler
CBR, SRES - Licensed Real Estate Salesperson

Phone: 516.849.5895 | neil@neilgortler.com

As an experienced professional Neil will do the leg work, keeping you up-to-date with new listings and the various market conditions that may impact the home purchase process. Sellers can also benefit from his skills in finance, negotiation, contractual agreements, and RE marketing. Call today and allow Neil to guide you through the complexities of buying or selling your home, eliminating hassles, and stress.

Member of:
National Association of Realtors
Long Island Board of Realtors
Multiple listing service of long Island
New York State Association of Realtors
[top]

Leave a Reply

Your email address will not be published. Required fields are marked *

X

B L O G          LISTINGS/SOLD PROPERTIES       TESTIMONIALS       SEARCH MLS      T&C-DCMA         CONTACT

¤