Existing Home Sales for September 2017

Below is a great link to an interactive graph.  It is a great look at the nationwide home sales for September 2017 that you can breakdown by region or state that is provided by the National Association of Realtors.

https://www.nar.realtor/infographics/existing-home-sales?sf124924071=1

As always, let me know if you have any questions.

All the best,

Lee McLain

Weekly Newsletter

Here is this weeks review of mortgage rates from last week, what you can expect this week and thoughts on what could move the mortgage market this week.  And as always, please let me know if you have any questions.

MBS-Road-Signs-10-23-2017

Have a great week!

Lee McLain

 

 

KC Real Estate Statistics for August

The Kansas City Regional Association of Realtors put out some great reports breaking down the local real estate market.  Here is a quick snapshot of what happened in August.

If you want to dive deeper and see how specific counties did, follow this link – Local Market Update.  And for the Monthly Indicators – HMLS_MMI_2017-08.

Inventory is still really low, which keeps push the sales prices up.  You will see a drop in inventory and an increase in average price in basically every county in our area.

Thanks for reading,

Lee McLain

 

 

 

Weekly Newsletter

Here is this weeks review of mortgage rates from last week, what you can expect this week and thoughts on what could move the mortgage market this week.  As always, please let me know if you have any questions.

MBS-Road-Signs-08-28-2017

Thanks for reading and have a great week!

Lee McLain

New Home Sales for June

New Home Sales, which measures signed contracts on new homes, were up 0.8% in June at a 610,000 unit annualized pace, which was pretty much in line with expectations. Last month’s figure, originally reported at 610,000, was revised slightly lower to 605,000.  Keep in mind these are National stats.

Inventory levels rose 1.5% to 272,000 to their highest level in 8 years, but they are still about half of what they were 10 years ago. Even with such tight inventory, Sales are still up 9.1% on a year over year basis, which is stronger than last month’s 8.9% reading.

The Median New Home Sale Price was reported at $310,800 was actually down 3.4% year over year after setting a record high last month.