top of page

Deke's Investment Blog - September 22, 2015

Home sales fall off. Home sales declined 4.8% in August, the first month-to-month decline since January when they fell 4.9%. This is a nationwide stat. Sales in the West were down over 7.5%. The West is one of the regions were real estate prices have risen sharply. Some buyers may have resistance to high prices and delay their home purchase. Year-over-year sale are up over 6% nationally. Lawrence Yun, chief economist for the Natioinal Association of Realtors, thinks we are “set for the best home sales year in eight years.” Another analyst says the August lull should be short lived, citing rising employment, rising housing demand, slowing appreciation in home prices and historic low mortgage interest rates.



0 views0 comments

Recent Posts

See All

R3 lot in North Hollywood. Architect says OK to build 15 1+1 units. Buyer to verify. Existing house is vacant. Property sold "as is". No existing entitlements.

We’re expecting to see a slight change in the market with interest rates jumping so high so quickly. Some buyers are being priced out of previously quoted loan amounts, and more sellers are dropping t

bottom of page