A report last week from the National Association of Realtors revealed that October was a remarkable month for home sales. What was so special? Existing-home sales rose to a seasonally-adjusted annual rate of 5.6 million, slightly higher than the year's cyclical high point of 5.57 million in June! Even more incredible is the fact that October's numbers were the highest since February 2007. If that sounds impressive to you, you aren't alone; the NAR's chief economist, Lawrence Yun, described October's numbers as an "autumn revival" to the housing market!
Put this post in your brain's "random facts" folder. You probably know that the most popular times of the year to list your home for sale are in the spring and summer, but do you know which month is the most popular? How about which day of the week? Here's a hint: it's definitely not the weekend. Keep reading to learn about the popular listing trends for 2016!
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Between 2005 and 2015, the median age of a home in the United States has increased from 31 to 37 years old. At first glance, it seems obvious that homes are getting older; after all, time only goes forward (for now). However, there are several deeper trends that can be discerned from data on the nation's housing stock.
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