Some Highlights:
- Existing Home Sales are up 10.3% year-over-year across the country.
- Sales rose to an annual rate of 5.59 million marking the 10th month in a row of year-over-year gains
- Prices are up 5.6% year-over-year in the U.S. to a median price of $234,000
- Marked the 41st consecutive month of year-over year price gains.
This is still a great market to buy and sell a home thanks to low interest rates. Did you know if the interest rates go up even 1% your buying power goes down 10%...that's big if it's a $300,000 house you can afford today it'll be only a $270,000 hours when interest rates go up. Contact The J Team Fort Lauderdale today at 954-235-3589 and schedule your Real Estate consultation today!
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