See the full report here for the ending of May 20th, 2017.

“Mortgage rates have fallen to their lowest levels so far this year but remain above where they were last year at this time. The market has proven to be ready for higher rates, as many homes continue to sell rapidly, often above the asking price. As long as there is ample supply, which is not a given in every market, 2017 should continue to be a great year for residential real estate.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of May 13th, 2017.

“The residential real estate story continues to revolve around the low supply of homes for sale, thus a surge in new homes being built would be a great thing to see. Existing home sale are at all-time highs in some areas; however, home builders have not been able to keep up with demand for new inventory replenishment. It will be interesting to see if this will improve after national manufacturing production had a large increase last month.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of May 6th, 2017.

“As we get closer to summer, more houses are put up for sale, as tends to happen around this time each year. Yet it’s not as many homes for sale as 2016, and last year did not have as much available to buy as in 2015. The downward trend continues, which can have an affect on total sales. Homes listed when move-in ready and priced well are being snapped up quickly. In fact, despite lower inventory, many RELATORS report that they are busier than last year and closing plenty of sales.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use

See the full report here for the ending of April 29th, 2017.

“Much of the news surrounding the housing market is about climbing prices and continued decreases in inventory on a year-over-year basis. Although prices have been rising steadily, we are only now beginning to reach pre-recession price levels on a national basis, and that’s not the rule for all homes and communities. If demand stays strong, unemployment rates continue to dwindle and wages keep consumer confidence high, the market should remain active and interesting.”

Source: CAR

Picture: Daniel Schwen *image was altered for internal use