Tagged : Case-Schiller Index

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A summary of July 2017 existing home sales in South Florida  indicates sales data showing that housing market activity this July fell from last month, but improved from last year. 

Sales of homes on the market slipped to their lowest level of the year in July 2017. As the conversant undercurrents of "lean supply and enthusiastic demand lingers. It continues to strain the housing market, although it reached 5.44 million,” according to Association of Realtors  The Association of Realtors also noted “that it was down 1.3% from a downwardly-revised June pace. While July’s pace was 2.1% higher than a year ago, it was the lowest since last August”. 

NAR Chief Economist, Lawrence Yun stated in July, that “homes are selling fast, strong demand meant

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