Chances of Another Foreclosure Crisis? “About Zero Percent.”There seems to be some concern that the 2020 economic downturn will lead to another foreclosure crisis like the one we experienced
Community News February Existing Home Sales Jump 118
Dated: March 26 2019
Existing-home sales bounced back from a tepid January to record the largest month-over-month gain since December 2015, according to the National Association of REALTORS®. February sales rose 11.8% to a seasonally adjusted annual rate of 5.51 million. The national median sales price in February rose 3.6% from the same period a year ago. Inventory also rose slightly.
Lawrence Yun, NAR's chief economist, credited the increase to a combination of lower mortgage rates, increasing inventory, rising income, and higher consumer confidence.
credit to: National Association of REALTORS and Lawrence Yun, NAR's chief economist.
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