Improved Housing Market For Remainder of 2014?
redfin.com
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- Last year was the strongest year for home sales since the recession and June of 2014 came very close (down only 2.5%) from the record highs set last June.
- Housing demands are increasing based on data of foot traffic and offers made.
- Price growth is becoming more steady which points to a more stabilized market vs the roller coaster market seen in 2011 and 2012 with home prices tanking and then experiencing huge increases.
- Housing inventory is making a comeback; the number of homes for sale in June was above 500,000, which is up 8% from June of last year.
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