
Existing-home sales rose again in September, affirming that a sales recovery has begun, according to the NATIONAL ASSOCIATION OF REALTORS® (NAR).
National existing home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0 percent in September from August, but remain 19.1 percent below September 2009 when first-time buyers were ramping up in advance of the initial deadline for the tax credit last November.
Lawrence Yun, NAR chief economist, said the housing market is in the early stages of recovery. “A housing recovery is taking place but will be choppy at times depending on the duration and impact of a foreclosure moratorium. But the overall direction should be a gradual rising trend in home sales with buyers responding to historically low mortgage interest rates and very favorable affordability conditions,” he said.
Information provided by:
Kevin Dowd
Broker Salesperson
Prudential Castle Point Realty
203 Washington Street
Hoboken, NJ 07030
Cell: 201-606-5957
Email: info@hobokenjerseycity.com
Search up for FREE local school reports and more at: www.hobokenjerseycity.com
Sign up for FREE market condition reports at:
www.hobokenpropertyvalue.com
www.jerseycitypropertyvalues.com
Sign up for FREE Hoboken listing updates:
www.viewhobokenhomes.com
Sign up for FREE Hudson County listing updates:
www.hudsoncountyhomesnow.com
1 comment:
Great explanation about this topic and i am new guy to this job thanks to sharing the wonderful articles.This is an interesting post. It is also a helpful resource. Great topic, thanks for taking such good care of this website!
Post a Comment