Existing Home Sellers may be Surprised

Although construction spending grew insignificantly in May—a mere 0.1 percent—and private residential spending fell 1.5 percent for the same month, following an increase of 0.5 percent the previous month, analysts speculate that residential construction will rebound in the coming months, making the overall market for homes more competitive, according to housingwire.com. CoreLogic says in May there were 47,000 foreclosures completed nationally, down from 52,000 in May of 2013, shrinking that inventory, as MHProNews understands. Trulia.com reports collected data indicate 41 percent prefer building a new home to buying an existing home, suggesting that in markets where new home construction is increasing, sellers of existing homes may have a more difficult time than anticipated making a sale. Although mortgage rates have once again fallen, credit continues to be tight. ##

(Photo credit: comstockpremium.com)

mas kovach mhpronews shopping with soheyla .jp

Get our ‘read-hot’ industry-leading 

get our ‘read-hot’ industry-leading emailed headline news updates

Scroll to Top
Glastrennwände
blumen verschicken Blumenversand
blumen verschicken Blumenversand
Reinigungsservice Reinigungsservice Berlin
küchenrenovierung küchenfronten renovieren küchenfront erneuern