In 2013 there were 5.1 million previously owned home that sold. This is acording to an article I found on cnnmoney.com. This is also the highest level of home sales since 2006, and up 9.2% from 2012.
The avarage price for a home was $197,100 which is up 11.4% from the previous year. The report says a tight supply of homes have kept the prices on the rise and there is currently less than a 5 month supply of homes available.
Another thing they site is that the percentage of distressed home fell as well (meaning homes the are reo's or short sales). 14% of homes sold in Dec. were distressed, and that is down about 9% from the previous Dec.
One more thing that was pointed out is the rise of property prices has help more home owners so they do not own more than the property is worth. This is helping bring more properties to the market.
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If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125
In 2013 there were 5.1 million previously owned home that sold. This is acording to an article I found on cnnmoney.com. This is also the highest level of home sales since 2006, and up 9.2% from 2012.
The avarage price for a home was $197,100 which is up 11.4% from the previous year. The report says a tight supply of homes have kept the prices on the rise and there is currently less than a 5 month supply of homes available.
Another thing they site is that the percentage of distressed home fell as well (meaning homes the are reo's or short sales). 14% of homes sold in Dec. were distressed, and that is down about 9% from the previous Dec.
One more thing that was pointed out is the rise of property prices has help more home owners so they do not own more than the property is worth. This is helping bring more properties to the market.
If you would like the chance to work with me or one of my fellow real estate investor coaches and our advanced training programs, give us a call anytime to see if Dean's Real Estate Success Academy and our customized curriculum is a fit for you. Call us at 1-877-219-1474 ext. 125