Nationwide, home sales rose in August, to their highest levels in over two years.
The National Association of Realtors published a 7.8 % increase, to a seasonally adjusted rate of 4.82 million. This is the most monthly home sales since May of 2010.
Town & Country has been reporting, that, regionally, we began our ascend months ago..
Now, clearly, nationwide, the housing market has moved off the floor!
More good news came from the government, which reported that construction of single family homes nationwide rose to the strongest level in more than two years, this past August.
Wise will be the investors who have been in acquisition mode; sorry will be those who chose to sit on their hands. As when the demand returns to normal levels, inventory will be at ridiculously low levels.. and we all know what that means when the scales of supply & demand take that tact.. go ahead you can say it, we’re all thinking the same thing.. yes.. prices will go up .. and in this scenario, at impressive rates.
Have you pulled the trigger yet?