Posted To: Pipeline PressAs the East Coast swelters and Hawaii floods, loan officers I’ve spoken to recently believe the high price end in some markets is starting to stall a little bit as markets correct toward normalcy. I’ve spent much of this week in Montana and, as a small random sample, inventory for sale in certain areas is ample. On a bigger scale, nationwide sales of existing, pre-owned homes fell for the fourth consecutive month, with single family home sales falling 0.2 percent for an annual rate of 4.75 million homes. As it stands, homes were on the market an average of 27 days, up from an average of 26 days in June. For a positive thought, want some good PR for your company and for the residential lending biz? Forget cookies – how about helping the local Girl Scout Troop build and sell a Tiny…(read more)Forward this article via email: Send a copy of this story to someone you know that may want to read it.
Michael Ayoub, Author NMLS ID 6631