Home Sales Head for Best Year Since 07

Sales of previously owned homes swung to a big increase in September,putting the market back on track for its strongest year since 2007. The September pace was 8.8% above a year ago at this time. The increase puts the market on pace for its best year since before the recession. Better job growth,continued low mortgage rates and pent up demand are fueling activity. There is less certainty whether the US market can sustain its growth. Among the biggest concerns are first time homeowners. The biggest problem is prices are rising faster than income. Home prices are up 6% while income was up 2%. That makes it more difficult for potential young buyers to save. In closing the market for sellers is extremely good and now is a great time to sell. For a qualified opinion on your home value please feel free to call us at any time for feedback. We would be happy to help you in any way we can. Please call us at 727 455 0455.