Continuing Good News about Real Estate

Sharp Shift in Housing Market During the Past 90 Days

Multiple sources from the latest Campbell/Inside Mortgage Finance HousingPulse Tracking Survey reveal a sharp shift in the housing market over the past three months. The average time on market for non-distressed properties fell to a new low in June and the sales-to-list price ratio for non-distressed properties exceeded 95% for the first time in nearly three years. Additionally, the average home price increased for all property categories. Factoring into the emerging trends are reduced supply due to foreclosure obstacles and increased demand due to low interest rates.

This is more positive news from JP Morgan Chase “Market News”



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