Here are some key updates on the economy and Real Estate Stats as of June 30, 2017.
- Existing home sales rose 1.1% in May. Year to Date sales are 2.9% ahead of the first five months of 2016.
- Median price of existing homes rose 5.8% over the median price a year ago.
- Inventory of existing homes in May was 8.4% fewer than were on the market in May 2016. Supply is down to 4.2 months versus 4.7 months a year ago.
- The economy grew at a 1.4% annual rate during the first quarter. Business investment in plant, equipment, and intellectual property rose at 10.4% annual rate
- Corporate profits grew 3.3% over the past year, down from its average annual increase of 6.4% during this expansion
- The average rate on 30 year fixed rate mortgages in Freddie Mac’s survey was 3.88% during the week ending June 20, 2017
- Household net worth climbed 8.3% in year ending first quarter, stronger than the expansion’s 7.1% annual average rate.
These are you Real Estate States as of June 30, 2017 🙂 I view them as positive and a healthy economy. Im going to look for some updates on the CMBS world to share with everyone which is usually a decent predictor of the things to come.
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