Published September 26, 2014
NAR Chief Economist Lawrence Yun shares the August 2014 Resale Market analysis
Written by Joey McCloskey
[youtube=http://youtu.be/SZUeJvsmmds]
Great things are happening despite the NAR report that sales are down from August 2013.
- We are on a 30 month streak of year over year gains in Median Home value, now at $219,000.
- Investors (and cash-buyers) declined in August 2014 opening up opportunity for the first time home buyers to get a chance at the home they want to buy.
- Interest rates from August according to Freddie Mac were at their lowest since June 2103.
Your Relocation Engineer is always bringing you the latest real estate stats and compares the national market and your local Franklin, TN real estate market.
NAR Aug2014 National Existing Home Sales
The Grumbles Team is the only Relocation Engineer in Franklin, Tennessee 615-587-5843.
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