How Builder Confidence Affects Home Prices
Woodland Developments & Realty Recent News
Posted: April 4, 2019
The market in our area appears to be very strong from the perspective of buyer activity. All of our snow in February has NOT slowed to stopped buyers from seeking their dream property. We do hope this trend continues; it would be a good sign for sellers.
U.S. home sales surge in February to their highest level in 11 months, a potential sign of the positive economic impact of the Fed's pause on interest rate hikes. The National Association of Realtors also reported on Friday that existing home sales jumped 11.8% to a seasonally-adjusted annual rate of 5.51 million units last month. That was the highest level since March 2018 and well above analysts' expectations of a rate of 5.1 million units. The one-month percentage change was the highest since December 2015.
Enjoy this incredible weather and Happy Spring!