US Housing Market is unfortunately heading south. Here are the proofs, released by the NAR(National Association of Realtors)
Existing home sales tumbled 4.8% in August to a 5.31 million seasonally adjusted annual rate, said the NAR last week, the steepest month-to-month decline since January, when they fell 4.9%.
On top of that, now fewer Americans signed contracts to buy homes in August, said the NAR this Monday, as its pending home sales index fell 1.4 percent to 109.4 last month. That means the existing home sales are going to go down in the near future.
These numbers indicate that US home sales lack the stamina and will head south going forward. Uncertainty in the world financial markets and the plunging stock markets cast doubts about buying homes at this moment for many people.
Considering the above, US home prices are likely to fall in the near future. Therefore if you want to sell your house, you’d better sell it now, rather than later.
Having said that, it is NOT easy to sell your house. Sometimes it takes 10-14 months. Because banks are still reluctant to lend money, regular home buyers cannot get a mortgage.
But there is always a way to sell your house quick for cash. As a Local Cash Investor, We Buy Houses As Is All Cash & Close within 10 days. For more info, please visit our main website: WeBuyHousesBrooklyn4Cash.com
