Existing home sales came in at a whopping 6,850,000, beating estimates with the highest print since 2006. Days on market fell from 36 days to 21 days on a year-over-year basis. Cash buyers remain at
Case Shiller 2 Factors Needed To Keep Home Prices Strong
Dated: April 29 2014
“Going forward, if home prices continue to rise, there are a limited number of options to offset the rising cost of purchasing a home: 1) an equally sizable increase in wages or 2) a marked reduction in credit restrictions," Lindsey Piegza, chief economist with Sterne Agee, said.
“Given the significant slack in the labor market, the latter option of easing lending standards appears to be the most probable and fast-acting solution,” Piegza continued.
Meanwhile, the 10-city and 20-city composites remained relatively unchanged month-over-month. Read More Here...
For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....
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