Brad Asbury & The Ohio Home Experts Team
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Our goal is to provide a resource for those that have questions about the purchase or sale of their home.
NATIONAL MARKET UPDATE
Housing starts rose 9.6% in August, all due to single-family starts, which are up 5.2% the past year. Plus, the number of new homes completed jumped 9.2%, while building permits came in almost 5% higher.
An influx of buyers pushed purchase mortgage applications up for the third week in a row. The Mortgage Bankers Association noted, “Homebuyers are seeing improving affordability conditions…and slower home price growth.”
Existing home sales slipped 2.5% in August. But there were signs of progress. The past year, existing home inventories are up almost 23%, with 4.2 months of supply, approaching the 5.0 months of a normal market
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