Whichever way you look at it, the real estate market is finishing strong as we wrap up 2013!
According to a recent Bloomberg report, several market indicators are showing growth and gains, which is great news for home buyers and home sellers alike!
Today, we’re going to share with you some of the highlights of this recent report. Happy holidays everyone!
US Home Sales
According to the Bloomberg article, purchases of new U.S. homes rebounded during the month of October from the lowest level it’s been in more than a year.
Specifically, home sales of these new homes jumped 25.4 percent to a 444,000 annualized rate. This was only a month after that figure was down to 354,0000, which was the weakest it’s been since April 2012.
Experts say that this signals that home buyers are beginning to adjust to higher mortgage rates.
Aiding this increase in home sales is the fact that there have been employment gains across the board, as well as stock price increases.
Here’s what else the report revealed about national housing market activity: