High-End Home Sales Increase

As consumer confidence continues to increase, and jumbo loan rates look more like conventional loan rates, expensive home sales are rising. According to the National Association of Realtors the number of home sales priced at $500,000 to $750,000 grew by 15% from January 2013 to January 2014. The time it takes to sell a house has shortened recently, making this an attractive time to sell for many.  Additionally, prices for high-end homes also remain lower than in the past, according to CoreLogic economist Sam Khater. More here

Leave a Reply

Your email address will not be published. Required fields are marked *