Existing Home Sales on the Rise
Existing home sales are on the rise! This is a statistic that the Real Estate industry has known for some time now. However, the sales have now reached the highest they have been since 2007 according to Realtor Magazine. The magazine contributes much of the closed home sales recently to the rising mortgage rates. This coupled with declining levels of inventory was enough to convince buyers to pull the trigger and buy a home.
This is the same scenario that we are experiencing here at the Lake of the Ozarks. The end of the year is looking very promising for the Lake and with interest rates "promised" to stay low for at least the next 30 days, I have a feeling that sales will continue to stay up.
To read more on this article, click the link below:
http://realtormag.realtor.org/daily-news/2013/09/20/existing-home-sales-reach-highest-pace-february-07?om_rid=AAJykL&om_mid=_BSPKI6B81T4DuK&om_ntype=RMODaily
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