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V-Shaped Recovery? Real Estate is the Leader!

By in Beth's Blog with 0 Comments

The V-shaped housing recovery continues. New Home Sales soared in June to a level higher than the one they reached before the shutdown–up 13.8% for the month, posting their highest annual sales rate since 2007!

Existing Home Sales spiked 20.7% in June, their biggest monthly gain ever. Sales are still down 11.3% from a year ago, but demand is strong–62% of homes sold were on the market less than a month.

Attom Data reports the typical home-sale profit hit $75,971 in the second quarter this year. That’s a 36.3% return on investment (ROI) from the original price for home sellers, a new post-recession high.

We continue seeing these positive economic numbers from the real estate market. With record low interest rates and a shortage of homes on the market, this could be the time to capitalize on it. Selling, buying and investing in Real Estate is an amazing opportunity right now.

If you would like to find out more information, please give me a call at 214-769-2947 or email me at bethbrake@kw.com. I can research your specific area, we can assess your needs and develop a plan for you. I look forward to helping you!

Beth Brake: Realtor-Team Lead
Performance Driven Excellence

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