AUTUMN’S BOUNTY: OPPORTUNITIES CONTINUE FOR U.S. REAL ESTATE

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While autumn is fast approaching, home prices are also starting to climb up. The US Real Estate market has also experienced different trends just like with stocks exchange, rising and falling prices of energy and as well as the possibility of Federal Reserve's interest rate increase this year.

According to thestreet.com, the autumn residential real estate market seems to be in a good shape this year. Jonathan Smoke, chief economist for Realtor.com said "Recent stock market volatility and seasonal trends may give buyers better financial options and more time to make purchase decisions entering the fall. August data remains positive with regard to overall housing health as both demand and supply continue to grow."

He also added that investors and consumers are on the lookout of an opportunity where "supply and demand merge in a way where deals are fair to everyone." Smoke also added, "This year we [saw] inventory continue to grow in August, and while overall demand is strong, the trend in median days on market is suggesting that the market is finding more of a balance. This bodes well for would-be buyers who have been discouraged by the inability to find a home to buy this spring and summer."

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Keith Kaplan

CalBRE #01933707
Sothebys International Realty
9255 Sunset Blvd.
West Hollywood, CA   90069

keith.kaplan@sothebyshomes.com

310-646-7791

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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