South Bay Vision | Market Update | May 2015

 The pace of sales continue to grow faster than the number of homes on the market. Our coastal cities are showing double digit increases in sales since the beginning of the year. Even though our U.S. economy as a whole appears to have gotten off to a slow start in the first quarter consumer confidence doesn’t appear to be wavering significantly and employment shows signs of improvement. Economic reports continue to point to home sales finishing the year at their highest pace since 2006 although accelerating price growth and rising mortgage rates could have the potential to slow sales.

Please enjoy. Should your plans include real estate purchase and sales, please call or email with questions – and as always, thanks for your referrals!

Sources:

Ryan Hardin, my Realty Times May 2015

RISMedia The Leader in Real Estate Information May 2015

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