Posted by: phillipsre | August 1, 2012

Market update for Housing Sales

In the Real Estate industry it’s important to stay on top of the housing market trends. This article from the New York Times outlines where we have been in the month of June. Unfortunately, sales of new  homes recorded the biggest drop in more than a year in June, and prices resumed their downward trend, dealing a setback for the budding housing market recovery. This news obviously effects those actively buying and selling in this market more than others, but they are important statistics for all to be aware of if you are thinking of buying/selling or moving and renting. These trends will have an impact on all parts of the market, as some people may not be able to sell their property because the pricing may not work out, renting the home might be the more financially responsible option. For more information on buying or selling a new home or investment property, contact us.

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