{"id":186,"date":"2013-04-04T06:07:41","date_gmt":"2013-04-04T06:07:41","guid":{"rendered":""},"modified":"2016-08-04T19:51:51","modified_gmt":"2016-08-05T00:51:51","slug":"homes-sales-continue-to-expand-in-walworth-cnty-and-nationally","status":"publish","type":"post","link":"http:\/\/margaretcanfield.com\/blog\/2013\/04\/homes-sales-continue-to-expand-in-walworth-cnty-and-nationally\/","title":{"rendered":"Homes sales continue to expand in Walworth Cnty and nationally."},"content":{"rendered":"<p><span style=\"font-size: small;\"><span style=\"color: #000000; font-weight: bold; font-style: italic;\">New Home Sales were up 12.3% in February compared to a&nbsp;year ago.<\/span><span style=\"color: #000000;\">&nbsp;After a super big hike in January, new home sales fell slightly in February, but they&#8217;re still at a 411,000 annual rate.&nbsp;<\/span><span style=\"color: #000000; font-style: italic;\"><span>Plus,<\/span><\/span><span style=\"color: #000000; font-weight: bold; font-style: italic;\">&nbsp;the median price of new homes sold was up 2.9% versus a year ago, with the average price up an impressive 14.5%!&nbsp;<\/span><\/span><\/p>\n<p><span style=\"font-size: small;\"><span style=\"color: #000000; font-style: italic;\">Speaking of prices, check out the closely watched Case-Shiller index of home prices in the 20 largest metros. Up 1% in January,&nbsp;<\/span><span style=\"color: #000000; font-weight: bold;\">prices are now up 8.1% over a year ago. That&#8217;s the largest annual gain in over 6 years!&nbsp;<\/span><span style=\"color: #000000; font-style: italic;\">The chief economist at an online real estate site observed, &#8220;We&#8217;re seeing prices increase both in markets that had a really big decline during the bust, as well as markets that have really strong fundamentals.&#8221; Finally,&nbsp;<\/span><span style=\"color: #000000; font-weight: bold;\">Pending Home Sales in February were at their second-highest level in nearly three years, up 8.4% over a year ago<\/span><span style=\"color: #000000; font-style: italic;\">, although slipping a tad for the month.<\/span><\/span><\/p>\n<p>Interest rates are up to 3.65% for a 30 year fixed, conventional mortgage with 20% down. &nbsp;Still excellent rates for purchasing within the Geneva Lake Resort communities. &nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New Home Sales were up 12.3% in February compared to a&nbsp;year ago.&nbsp;After a super big hike in January, new home sales fell slightly in February, but they&#8217;re still at a 411,000 annual rate.&nbsp;Plus,&nbsp;the median price of new homes sold was up 2.9% versus a year ago, with the average price up an impressive 14.5%!&nbsp; Speaking [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":{"0":"post-186","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-lake-geneva-real-estate","7":"entry"},"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.8 - aioseo.com -->\n\t<meta name=\"description\" content=\"New Home Sales were up 12.3% in February compared to a year ago. 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