In July, the U.S. economic expansion that began in June 2009 became the longest in the nation's history, marking 121 straight months of gross domestic product growth and surpassing the 120-month expansion from 1991 to 2001. The average rate of growth during this expansion has been a milder 2.3 percent per year compared to 3.6 percent during the 1990s. Although the economy should continue to perform well for the rest of 2019, most economists see a mild recession on the horizon.
New Listings were up 5.0 percent to 2,162. Pending Sales increased 20.8 percent to 1,927. Inventory shrank 6.0 percent to 5,634 units.
Prices moved higher as Median Sales Price was up 4.1 percent to $277,950. Days...
When looking for a home to buy, one of the main questions is "What can I afford?" This is different than the question of "What size loan do I qualify for". Let’s estimate your monthly cost of home ownership. Contact me today for a free consultation. 843-214-0396
