Ed's Blog

Good News recently. Existing home sales rose 10% in September, according to the National Association of REALTORS® (NAR). Indeed, in September more than 4.5 Million existing homes were sold, which far surpassed the sales of 4.12 Million sales in August.

We’re still not where we want to be, and I’m not trying to sugarcoat that fact. However, economists were by and large predicting home sales to rise only to 4.25 Million, so this comes as a very welcome surprise, and may be indicative of future good news.

In fact according to Lawrence Yun, chief economist for NAR was quoted as saying "The overall direction should be a gradual rising trend in home sales, with buyers responding to historically low mortgage interest rates and very favorable affordability conditions."

So, if you’re ready to buy, it truly is a great time. Rates are at 50 year lows. Contact me today to start the process of buying a home during this incredibly opportune time!

ecraine@smithcraine.com

415-206-2330