November huge month for sale of previously owned homes
JEANNINE AVERSA is reporting "Sales of previously owned homes in November posted their best month on record as low mortgage rates enticed buyers to live the American dream."
Today's report surprised most economists who were expecting flat sales, and hints that maybe the real estate market is much stronger than previously realized.
With high demand, low rates, and a stable economy, the Nation's real estate market is cruising right along, especially in the West.
According to Aversa, 30-year mortgage rates averaged 5.73 percent for the month of November, down 5.93 percent from the same time a year ago.
Need a Los Angeles California Real Estate Agent?
Need a Los Angeles Mortgage Broker?
Today's report surprised most economists who were expecting flat sales, and hints that maybe the real estate market is much stronger than previously realized.
With high demand, low rates, and a stable economy, the Nation's real estate market is cruising right along, especially in the West.
According to Aversa, 30-year mortgage rates averaged 5.73 percent for the month of November, down 5.93 percent from the same time a year ago.
Need a Los Angeles California Real Estate Agent?
Need a Los Angeles Mortgage Broker?
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