Welcome to San Diego Blog | December 31, 2015
November National Sales Statistics
Existing Home Sales dropped off this November, compared to November 2014. Tight inventory and some affordability issues caused some setbacks, however signed contracts have remained fairly consistent in the past few months. According to National Association of Realtor’s chief economist, Lawrence Yun, “it’s highly possible the stark sales decline wasn’t because of sudden, withering demand”, but rather the “Know Before You Owe” initiative set by the Consumer Financial Protection Bureau, which has caused longer closing times. Take a look at the infographic below for November national sales stats.