Thursday, August 23, 2012

Home Sales trending Up


New-Home Sales Up

This week has seen two more pieces of good housing news. The Census Bureau announced Thursday that new homes increased 3.6 percent nationally in July compared to June. Based on July’s data, the total for his year will be 372,000 sales, up 3.6 percent from June’s annualized rate of 359,000.

Bay Area Home Sales are Up

Homes are selling in San Francisco and Marin.  Even though the supply is limited the sales are up.

The year-over-year increase from July 2011 to July 2012 was a whopping 25.3 percent. The word on new-home sales came just one day after the National Association of Realtors reported that existing-home sales rose 2.3 percent in July compared to June—and are up 10.4 percent from the previous year.  That's good news.

If you are considering buying or selling then now's a good time to get going.  Interest rates will likely tick up and the good homes or qualified buyers are where you find them. 

Get the help and information you need here:

North Bay Home Buyers

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