In the US there are over 12,000 homes are selling every day , and nearly 9,000 buyers are receiving mortgages every day. Last month the Wall Street Journal reported, “Homes sales data provided fresh support for the view that the strong start to the spring home buying season, marks the beginning of a recovery, not a temporary blip due to unusually warm weather.” The spring market is typically the strongest market, and we have seen a lack of inventory. The decrease in supply has been driven by two factors: foreclosure property not yet released to the market and an increase in demand as rates remain low and consumer confidence rises.
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