There are still some saying that the housing market is challenged.
Young adults are burdened with too much student debt. Interest rate increases are killing demand. Homeownership is no longer seen as part of the American Dream.
Housing statistics prove otherwise: 13,945 houses sold yesterday, 13,945 will sell today and 13,945 will sell tomorrow.
13,945 is the average number of homes that sell each and every day in this country according to the National Association of Realtors’ (NAR) latest Existing Home Sales Report.
According to the report, there were 5.09 million homes sold in 2013. Divide that number by 365 days in a year and we can see that, on average, almost 14,000 homes sell every day.
NAR revealed that sales had increased 9.1% as compared to 2012 and that it was the market’s strongest performance since 2006.
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Jim Starwalt, Real Estate Broker
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