This Month in Real Estate - May 2019

CHATTANOOGA HOME SALES - MAY 2019

Chattanooga (June 18, 2019) - At this point in the year, we are getting a good sense for how the housing market is likely to perform for the foreseeable future. And although it is not a particularly exciting forecast, it is a desirable one. Markets across the country are regulating toward a middle ground between buyers and sellers. While it remains true that sales price s are running higher and that inventory options are relatively low, buyers are beginning to find wiggle room at some price points and geographies. MORE >>>

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NATIONAL HOME SALES - MAY 2019: Existing-Home Sales Ascend 2.5 Percent in May

Existing-home sales rebounded in May, recording an increase in sales for the first time in two months, according to the National Association of Realtors®. Each of the four major U.S. regions saw a growth in sales, with the Northeast experiencing the biggest surge last month.

Lawrence Yun, NAR’s chief economist, said the 2.5% jump shows that consumers are eager to take advantage of the favorable conditions. “The purchasing power to buy a home has been bolstered by falling mortgage rates, and buyers are responding.” MORE >>>

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