- November’s Existing Home Sales report revealed that sales are now at an annual pace of 5.61 million which is “now the highest since February 2007 (5.79 million) and is 15.4% higher than a year ago (4.86 million).”
- Total housing inventory (or the inventory of homes for sale) fell 8.0% from last month and is now 9.3% lower than November 2015.
- Inventory has dropped year-over-year for the last 18 months.
- The median price for all home sales in November was $234,900, up 6.8% from last year and marks the 57thconsecutive month of year-over-year gains.
Note: if you are looking for purchase home loan , or refinance look no further we specialize FHA Mortgage, Conventional home loan, Private Money. We have the office in Stockton Mortgage and Lodi Mortgage please call 209-651-2000
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