Home sales in the Bay Area highest since 2006
Posted on Tuesday, September 18, 2012 at 8:40:10 PM
Home sales in the month of August in the Bay Area reached record levels. According to real estate market research firm DataQuick, property sales reached a six-year high in the region. A total of 8,579 new and existing homes were sold in August 2012 - up 1.4 percent from 8,461 in July 2012. In comparison to a year ago, house sales have risen an astounding 14.2 percent.
"Most economists agree that the housing market is off bottom. But there’s a big gap between the market being ‘off bottom’ and being normal, which it’s not. The single biggest bottleneck is still the dysfunctional mortgage lending market," said John Walsh, DataQuick president.
As markets across the United States start to report positive gains, more potential homebuyers will begin to apply for residential financing. Credible lenders such as Home Loan Investment Bank will provide the expertise and advice even a first-time buyer will find helpful in the search for a new home. Learn about affordable financing options, payment plans and even how to pay off a mortgage faster with help from the experts. The market is recovering, shouldn't your financial status improve as well?