Market Update – January 2017Blog, Buying, Community News, Dunham Stewart, Hermosa Beach, Hermosa Beach News, Manhattan Beach, Manhattan Beach News, Market Minutes, Market Updates, Real Estate News, Real Estate Tips, Uncategorized
Happy New Year!
CoreLogic reported in late December that home buying saw the fastest November in more than four years even though the month’s sales totaled 7.5% below 1988 month average. The surge in sales increased what buyers paid. Our relatively robust local job market created more job opportunities along with pay hikes nationwide. Fewer absentee buyers were reported. Mortgage financing was not used in 21% of the deals.
For full report, click HERE!