New home sales have risen for five straight months.
Existing home sales are up in four of the last five months.
Construction of new homes increased for the third straight month in August.
Home inventories down.
Average home prices in the conforming price range are up for the 3rd month in a row.
The Case-Shiller Index shows prices for homes in ALL price ranges in 18 of the top 20 cities up two months in a row, and up 3 months in a row in 15 of the largest 20 cities.
Why is this not important anymore? But there’s more….
Last week’s economic data that showed a 30% drop in corporate layoffs vs last year.
The ISM Manufacturing report shows that, although weaker than anticipated, we’ve had the second consecutive month of growth in the manufacturing sector.
90% of our workforce is working.
AND FINALLY
With the slide in the dollar rates have dropped back to where they were last May – 4.5% to 5% depending on program and credit…
AND with the low rates and lower home prices, NOW is the MOST AFFORDABLE TIME IN THE LAST 30 YEARS to buy a home. There couldnt be a better time to buy!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment