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August 2014

Found 1 blog entry for August 2014.

Sarasota Florida

  The National Association of Realtors (NAR) announced this week that existing home sales climbed nationwide by 2.4% to a seasonally adjusted rate of 5.15 million. On the bright side, the pressures that caused home sales to stall last year may have started to ease. The average 30-year fixed mortgage rate has dropped back to 4.1% and home prices are no longer rising at double-digit annual rates.

   Unfortunately, all the positive headlines aside, the outlook for housing nationwide has some substantial weaknesses. Viewed regionally, July home sales in the Northeast were flat. Midwestern home sales increased by only 1.7% and remain 4.7% below the July, 2013 level. Home sale in the South did rise by 3.4%, but in the West, sales climbed by only 2.6%,

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