Sent to you by buysell via Google Reader:
According to a recent report from Evers & Co. Real Estate, prices of homes for sale in the nation's capital continued to improve during July, marking the 15th straight month of higher listed values.
The gains are bit a surprising to economists, as many figured the troubled economy would act as a deterrent to potential homebuyers during the month. However, the increases may have boosted the industry's confidence heading into the fall months, the report states.
"The dollar volume of sales was up from last July, which represents an improvement from May and June," said Evers & Co. president and broker Donna Evers. "May and June had to be compared to the bonanza months of 2010 when we were still riding the wave of the First Time Homebuyer's Tax Credit. However, while sales in July of last year fell, we experienced a much stronger market this July."
Historically, inventory levels in August are low, as families go on summer vacations or prepare to send children back to school. However, Evers claimed that the current month is best time for sellers in the region to list their property, as interest rates for mortgages are at record-lows, which may bring more potential buyers to the market.
Things you can do from here:
- Subscribe to HomeFinder.com News using Google Reader
- Get started using Google Reader to easily keep up with all your favorite sites
No comments:
Post a Comment