Market Rebound Continues: Home Sales JUMP in May!

Market Rebound Continues: Home Sales Jump in MayThe markets continue to show signs of recovery. According to the latest Commerce Department monthly report, single-family home sales rose 16.6 percent to a seasonally adjusted annual rate of 676,000 in May. The May rate is 12.7 percent higher YoY.

According to the report, home sales were up in all four regions: 6.8 percent in the Northeast, 9.5 percent in the Midwest, 0.3 percent in the South and 1.4 percent in the West.

Here’s the market breakdown:

New-Home Sales: 676,000
For-Sale Inventory: 318,000
Months’ Supply: 5.6 months
Median Price: $317,900

What the Industry’s Saying

“The May sales numbers are in line with rising builder sentiment,” said Chuck Fowke, chairman of the National Association of Home Builders (NAHB) and a custom home builder from Tampa, Fla. “With home building considered an essential business, this solid sales report is another indicator that housing is leading the economic recovery.”

“In a sign of growing demand fueled in part by record low mortgage rates, builder price incentives eased in May and home prices registered an upturn,” said NAHB Chief Economist Robert Dietz. “Sales are 1.9 percent higher on a year-to-date basis and our NAHB Home Building Geography Index points to construction gains in lower density markets like smaller metros and large metro exurbs in the months ahead.”

RISMedia 2020

 


Posted on June 24, 2020 at 1:44 pm
Amy Weltner | Posted in Home Buying, Home Selling |

June – Minute on the Market


Posted on June 11, 2020 at 5:32 pm
Amy Weltner | Posted in Home Buying, Home Selling |

3 Major Steps to Prepare for a Move

While there is a lot of excitement that comes with moving into a new home, there can also be a great deal of stress. Packing up your entire life and moving it somewhere else can seem overwhelming, but if you have a plan, it can seem a great deal more manageable. Here are the 3 major steps to take to prepare for a move and reduce the stress that can come with it.

Inventory Your Items

While this can seem like a daunting task, taking an inventory of every item in your home will save you a great deal of stress in the future. Whether you do a move entirely on your own or you hire a moving company, it is very important to have all of your items documented. If you sort your items by room and then document them as such and pack accordingly, you will be able to unpack your items by room into your new home in an organized way, ensuring you aren’t missing any items.

Box It All Up

Once you have inventoried all of your items, you will then begin boxing up what you can. Many hardware and home improvement stores have affordable boxes but checking on local Facebook pages for someone trying to get rid of moving boxes could save you a few dollars. Once you have your boxes, it is key to pack by room. This will help if you follow your inventory list, ensuring every item gets packed. Label your boxes by room to make moving in to your new home a breeze.

Renting a Moving Truck

If you’ve never rented a moving truck before, it can be difficult to guess what size truck you will need to transport all your goods. Thankfully, many sites offer ‘calculators’ that are easy to find with a simple search and allow you to enter your box and furniture information and give you a recommendation on what size will best fit your needs. While packing your stuff up is often something movers want to do on their own to keep track of their items, sometimes hiring movers for the truck portion of the move can take a great deal of weight, both physical and metaphorical, off of your shoulders. By hiring movers to load up your truck, you will save the stress on your body and also gain the experience of movers who have packed trucks before. Many people who have moved recommend hiring movers for the loading and unloading portion of the move, even if you want to do everything else DIY.


Posted on March 4, 2020 at 5:16 pm
Amy Weltner | Posted in Home Buying, Home Selling | Tagged , , , , , , , , , ,
© 2020 BHH Affiliates, LLC. An independently owned and operated franchisee of BHH Affiliates, LLC. Berkshire Hathaway HomeServices and the Berkshire Hathaway HomeServices symbol are registered service marks of HomeServices of America, Inc.® Equal Housing Opportunity.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither broker(s), agent(s) nor MoxiWorks.com shall be responsible for any typographical errors, misinformation or misprints, and shall be held totally harmless.

Terms Of Use | MLS Disclaimers |Privacy Policy | ACCESSIBILITY