Phil's Blog
12,575 Houses Sold Yesterday!
April 23, 2014
| 12,575 Houses Sold Yesterday! Posted: 23 Apr 2014 04:00 AM PDT  If you read certain headlines, you might be led to believe that the housing recovery has come to a screeching halt. Naysayers are claiming that rising mortgage rates and a lack of consumer confidence are keeping Americans on the fence when it comes to purchasing real estate. That is actually far from reality. After all, 12,575 houses sold yesterday, 12,575 will sell today and 12,575 will sell tomorrow. 12,575! That is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report. According to the report, annualized sales now stand at 4.59 million. Divide that number by 365 (days in a year) and we can see that, on average, over 12,500 homes sell every day. If you are considering whether or not to put your house up for sale, don't let the headlines scare you. There are purchasers in the market and they are buying - to the tune of 12,575 homes a day. ______________________________________________________ Are you ready for Real Estate's New Market Reality? Download our free 18-page eGuide that talks to the headlines you see every day: Unlocking the Secrets of Real Estate's New Market Reality. |
© All Rights Reserved