May 2018 Real Estate News
TO FIND AN OPEN HOUSE IN GLENVIEW IL NORTHBROOK IL OR MORTON GROVE IL
Are you buying a home in any of these communities? Check out this Market Tracker.
In this month’s May 2018 Real Estate News, learn about four credit mistakes you don’t want to make. Plus, read about five common home upgrades you should fully consider before making and tips for beautifying your garden with plants and flowers. All of this and more in the May 2018 Real Estate News.
Now Is the Ideal Time to List Your Home
Fewer homes are available for sale, leading to higher home prices in many markets across the country. Despite this, existing-home sales saw an increase in February after two months of declines. According to the National Association of Realtors (NAR), total existing-home sales reached 5.54 million in February, up 3 percent from January’s sales of 5.38 million, and sales are 1.1 percent higher than at the same time last year.
The South and West experienced considerable increases in existing-home sales, which more than offset slight declines in the Northeast and Midwest. According to Lawrence Yun, chief economist for the NAR, the positive gains in the labor market along with the consistently improving economy led to an increase in buyer interest. An increase in potential buyers makes now the ideal time to list a home.
May 2018 Real Estate News
Thank You and Have a Great Day
Marina Jacobson
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