Spectacular Stretch Of Solid Job Gains

Spectacular Stretch Of Solid Jobs Gains
Spectacular Stretch Of Solid Jobs Gains Fuel Upward Trend In Home Sales

Spectacular Stretch Of Solid Job Gains

Some financial and housing experts are indicating that the U.S. housing market will continue to show strength due to the robust jobs growth. Sam Khater, Freddie Mac’s chief economist, says “Overall, this spectacular stretch of solid job gains and low unemployment should help keep homebuyer interest elevated.” Khater goes on to say “However, mortgage rates will likely also move up, as the Federal Reserve considers short-term rate hikes this month and at future meetings.”

Additionally, in the September 13, 2018 article posted on Freddie Mac’s website, author Adam DeScanctis revealed their “Primary Mortgage Market Survey”. This details the US Weekly average mortgage rates. Read the entire article by clicking here.

Strong Growth

The Roanoke Valley has experienced strong growth in home sales since the great recession. Total homes sold in The Roanoke Valley MLS has grown from 3,271 homes sold in 2010 (our low point) to 5,399 homes sold in 2017. Additionally, the average days on the market (DOM) has dropped from a high of 118 DOM in 2012, to now 86 DOM in 2017. The incredible U.S. job market is certainly spurring on this growth in Roanoke Valley home sales.

This post is brought to you by the Living In Roanoke team, home buying and selling experts in The Roanoke Valley. We’ve been helping our clients buy and sell homes in The Roanoke Valley for over 20 years and are serving new clients every day. You can search the entire Roanoke Valley MLS by clicking “Search MLS” tab at the top. Also, see what our past clients think of us under the testimonials tab.

Contact us today with a direct phone call to us at 540-375-9000 x 120 or fill out this form to contact us, and we’ll get right back with you.

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