Key Indicators- Sales, Investors and Cash
Posted by ERA Landmark Real Estate on
One of the key indicators of real estate market stability is the rise and fall of existing –home sales. Defined as “completed transactions that include single-family, townhomes, condominiums and co-ops”, the level is tracked on a monthly basis nationwide. March’s final numbers, as reported by the National Association of Realtors (NAR), state that sales in this category were up 3.7 percent in March. Breaking this data down further brings insight that investors versus owner-occupied buyers are a huge catalyst in this increase. Though positive, this signifies a decrease in the number of first-time homebuyers, which is unfortunate for the housing market as a whole. The important factor is that well-positioned investors still have the ability to pay cash…
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