Existing home sales down 1.3 % in April. Expectations were for a .4 % increase. Economists blame the decrease on Mortgage Rates. http://owl.li/f9Jb30kgSRx
As predicted, affordability is now the Major factor in home sales.
DC has a score of 0.64 , VA 0.91 and MD 0.96.
The higher the score, the higher the affordability; i.e. Most affordable in the contiguous States is Ohio (Score 1.12), least is California (.57). See the report. http://ow.ly/i/EYrRI
Just do it!!! http://ow.ly/i/EbJQx
Case Schiller report for the last year gave the national market a 6.2 % increase on home prices. The Washington DC Area was at 3.3 % . The chart below shows the increases by Area .
Thanks to S & P Reports http://ow.ly/i/CrZPL
Case Schiller came out with the August report this morning. Of the 20 Metropolitan Areas , Seattle Washington is the winner with a 13.2 % increase during the last year.
Our Metropolitan Area ranks last at annualized gain of 3.4 %.
Please see the full report. Thanks to the S & P folks