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Home ยป Low inventory and accelerated home sales to continue through 2018.

Low inventory and accelerated home sales to continue through 2018.

Homes across the nation are selling a pace not seen since the height of the housing boom more than a decade ago. Sales of existing homes rose 5.6% from October 2016 to November 2017. The fastest since December 2006, according to article on realtor.com

Condo and co-op sales are leading the way, with over a 7.5% increase annually followed by single-family homes at 4.5%. This is because of the strong economy and low unemployment according to Senior Economist Joseph Kirchner. This trend is projected to continue through 2018, with Northern Utah among the hottest real estate markets in the U.S.

Now is the time to buy, with the government is set to raise interest rates further, inventory continuing to decline, and new construction that cannot keep up with demand. In today’s market it is more important than ever to have a knowledgable agent to guide you through the home buying process. With local agents, decades of industry experience, and intimate knowledge of real estate along the Wasatch Front, Destination Properties has the expertise to help you find your next home.