Retire AZ Style News

November Home Sales Defy Seasonal Trend: National Housing Report

January 4th, 2017 3:06 PM by Sharon Mason

November Home Sales Defy Seasonal Trend: National Housing Report

Despite the typical winter slowdown, November home sales finished 19.1 percent above a year ago and prices increased 1.4 percent over October. Last month saw more homes sold than any other November in the eight-year history of the National Housing Report from RE/MAX. All but one of the fifty-three markets surveyed posted an increase in sales over November 2015, with nearly half of the markets at least 20 percent higher.

 

The continued decline of inventory and talk of rising interest rates may have contributed to November’s surge of home sales,” said Dave Liniger, RE/MAX CEO, Chairman of the Board and Co-Founder. Over the past 11 months, the majority of markets have seen home prices return to their pre-recession levels, reaffirming that 2016 has been the best year for the housing market since the recession.”

The 2017 Housing Forecast by the experts at realtor.com are predicting that the Phoenix-metro area will be number one with a projected increase in home values by 5.94 percent and a sales growth of 7.24 percent.

A strong housing economy is good for homeowners, especially those who are considering Arizona as their retirement destination in 2017. If you would like to learn more about retirement in Arizona, please give me a call today. I can help you successfully navigate all your retirement options, and help you make the right decision for your golden years. I look forward to hear from you soon – Sharon

Sharon Mason
RE/MAX Professionals
623-810-9988
www.RetireArizonaStyle.com 

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