Homes are spending less time on the market. A year ago, the median time it took a house to sell was 96 days. Now the median time has been shortened to just 71 days. A shortage of inventory, an increase in demand, and those ever-favorable mortgage rates are turning the market around.
Homebuilder optimism is up. The National Association of Home Builders/Wells Fargo Housing Market Index measures the optimism of builders in regards to the newly-built, single-family home market. In November, the index rose five points to 46. This is the highest the index has reached since May 2006, and it is far above the November 2011... Read More






