EASIER MONEY AND LOW MORTGAGE RATES SPUR HOME SALES

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With current mortgage rates still holding south of 4 percent, U.S. home sales are staying strong.

In September, despite a paltry number of homes for sale, 5.55 million existing homes sold on a seasonally-adjusted, annualized basis, marking the second-largest tally dating back to 2007.

The strongest month for home resales occurred this past July.

Buyers will tell you -- it's getting harder to find a "good deal" in housing. Demand for homes has outpaced the supply and values are ratcheting higher. According to the government, home prices are up 5.5% from one year ago and have finally eclipsed the peak valuations set last decade.

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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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