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The Housing Market is Gaining Momentum

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  • 08.26.2014

The Housing Market is Gaining Momentum

Author: Dragas Team


“The number of houses for sale is higher than a year ago and tamer price increases are giving prospective buyers less hesitation about entering the market. More people are buying homes compared to earlier in the year and this trend should continue.” - Lawrence Yun, Chief Economist, National Association of Realtors
The brutal winter earlier this year contributed to the slow start to the 2014 Housing Market. The weather deterred sellers and buyers from being active. Now that the weather has warmed up, houses are selling left and right. In fact, Move Inc. recently released stats pointing to this past Spring as one of the strongest seasons in the past few years. Experts contend that the trend will only continue. Ofcourse those looking to sell their home are pleased to hear that existing home sales are up. But, what about the Buyers? Well, you’ll be pleased to learn that not only do you have more of an inventory to choose from, but there is a minimal price increase on the homes. So what does all of this mean? If you’re looking to sell your home and get in on new construction in Virginia Beach or Chesapeake, now is the time. Spence Crossing at Princess Anne, Hadley Park at Greenbrier, and King’s Pointe at Western Branch are 3 Dragas communities that are being built as you read this blog. Head over to dragas.com to learn more about your future investment.