According to Bloomberg, ”sales of previously owned U.S. homes probably increased in March as a drop in mortgage rates propelled demand to its strongest quarter in almost two years.” The financial publication credits rising employment, affordable properties, and mortgage rates that are near historic lows. Existing home sales have head a steady rise in the past year.
The spring/summer season has traditionally been good for home sales, as families prepare to relocate jobs and schools. Rising rents make purchasing a home more attractive to may home shoppers.
USA Today shares Bloomberg’s outlook, stating in a recent article that “the spring home-selling season could be the strongest in years.”
For information about real estate in Columbia, Illinois, as well as Monroe and St. Clair County, contact Tammy Mitchell Hines.
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