Home Sales and the Economy: Experts Break their Silence!

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Home Sales and the Economy: Experts Break their Silence!

Experts gather to share their thoughts regarding the housing market of today and its rise in home sales. Amidst the low inventory home sales continues to rise.

Here are their respected comments:

NAR Chief Economist Lawrence Yun explained that regardless of a low supply of inventory, inconsistent economic growth and stock market volatility, housing market sales have seen their best first quarter of existing sales since 2007.

Realtor.com Chief Economist Jonathan Smoke explained that 2016 has proven to be the best year of home sales, with a triple crown in April and some of the best sales in a decade.

Housing reporter Andre Riquier from MarketWatch described the housing market as moving from “recovery” onto “expansion”.

Freddie Mac forecasted that regardless of poor economic reports, there will still be momentum for the year 2016.

Home Sales and the Economy: Experts Break their Silence!

According to Wall Street Journal reporter Steven Russolillo:
“A recent gauge of home builder sentiment held firmly in positive territory, according to the National Association of Home Builders. Perhaps more important, expectations for sales in the next six months jumped to the highest level of the year.”

Fannie Mae explained that based on a current housing tracker, the first quarter of 2016 was the second fastest in terms of home sales pace in the last decade. Because sales usually increase in the warmer months, it’s anticipated that there will be an acceleration of homes sales that will surpass 2007’s pace.

With real estate experts foreseeing positive outcomes for the year, now might be the perfect time for you to begin your home buying/selling journey! Looking in the Mecklenburg area? Our list of Mecklenburg County Homes for Sale are a great place to browse beautiful homes for sale.

Have questions about the process? You can reach our qualified real estate consultants at 704.997.3794 or you can send us a message here!

If you decide you don’t like your home we will sell it for free. *some conditions apply*

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Home Sales Increase for both New and Existing