SPRING FORWARD !
AS MARCH COMES IN LIKE A LION THIS YEAR, THE HOUSING SECTOR CONTINUES TO ROAR AHEAD WITH GOOD NEWS !
Despite the harsh weather, New Home Sales rose by 9.6 percent from December to January to an annual rate of 468,000, well above expectations. The 468,000 rate was the highest level since July 2008. Pending Home Sales for January also came in just above expectations and well above December’s reading. In addition, research firm CoreLogic reported that completed foreclosures fell by 19 percent from January 2013 to January 2014, while the Case Shiller 20-city Home Price Index ended its best year since 2005.
What does this mean for homeowners ? If you’re considering selling your home, there may be no better time than now, as interest rates remain favorable welcoming new buyers, and enabling sellers to upgrade into their next home !
Spring forward, remember to set your clocks forward 1 hour prior to 4am Sunday, March 9th, and call 312-953-9567 for a complimentary market evaluation of your real estate needs !
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