Existing home sales improved last month and remain solidly above a year ago, according to the NRA (National Association of Realtors). Total existing home sales, which are completed sales rose to a seasonly adjusted annual rate of 5.18 million in May. That number was 4.97 million in April, and is 12.9 percent higher than the 4.59 million unit paced experienced May 2012.
May existing home sales numbers are at the highest level since November 2009, when buyers were eager to rake advantage of the tax stimulus. The NRA noted that the median price of existing homes continued to rise by double digit rates, year over year
NAR Chief Economist Lawrence Yun says that, "While the demand is high, the number of homes available for purchase is unlikely to rise anytime soon. The housing numbers are overwhelmingly positive. However, the number of available homes is unlikely to grow, despite a nice gain in May, unless new home construction ramps up quickly by an additional 50 percent. The home price growth is too fast, and only additional supply from new home building can moderate future price growth".
Author:Mike Siers Phone: 252-489-3861 Dated: June 24th 2013 Views: 5,263 About Mike: Mike is a top producer in the Nations top Privately owned Real Estate company, Howard Hanna. With a...
About Outer Banks Real Estate Mike and Stacy Siers Howard Hanna
We could give you the scripted bio, but it is the age of Google. Believe me when I say if you are online, you can be found. I want to tell you what you may not know.
Stacy and I have been together for most of our lives. We enjoy being around each other so much we work together. I like to say she keeps me balanced. I have been fortunate to work for many people and companies throughout the Mid Atlantic region and feel that experience has helped me understand people and situations. I have been doing sales for about 20 years, construction during 10 of those years and have managed a few companies along the way. Stacy, operated a HVAC company, managed retail and restaurants. Stacy started in Real Estate in 2008, not the best time if you dare to remember the real estate crash. She motivated me to get my license in 2009 and I started in 2010. I looked at the bad real estate market as an opportunity. A time to learn the market from the bottom up. A time to learn how to sell real estate when no one could buy it. In one of my past jobs, I learned the who, what, whens and hows of sales. I could move products! When I bought my first house out of college, I learned this was one of the most important purchases I would ever make. So when we work with clients, it is about them. We want to know why you are looking, how you want to use the house or what you are selling. What memories you have made from this house. We believe real estate is about people and relationships. We are fortunate to build friendships through real estate. It usually means we go to a lot of dinners in the summer when folks are down. (I really love that part)
The wrap up, Stacy and I won't sell you a house on The Outer Banks of North Carolina. We will work with you, share our knowledge, provide facts and dig for information on every home you are interested in and hopefully grab a bite to eat and share the memories you are making!
"August 24, 2013.....
Subject: Michael P Nolan, NC Real Estate Broker.....
Over the past 10 years I have known Mike as my real estate broker, and then as a family friend. As my broker, Mike made the process of selling my property a very easy process. From start to finish, all details of the transaction were done with complete professionalism. Since then, Mike has continued to be a friend of the family. Rarely do you meet and work with someone that continues to care after the work is done, but Mike is there always with a helping hand. His real estate experience on the Outer Banks for over 20 + years has been very successful, with the main reason, Mike’s determination to help his clients needs and make sure that they are protected in this ever changing real estate industry.
I highly recommend Mike Nolan as a real estate broker to help both buyers and sellers looking for property on the Outer Banks of NC. His knowledge and experience are the mark of a true professional. For the security of your investment, you can trust Mike.
Ms. Janet D. Anderson
Kill Devil Hills, NC