Home sales hit 10-year high in January 2017

US home sales hit 10-year high in January 2017

Existing home sales up 3.3% (January)

U.S. home resales surged to a 10-year high in January as buyers shrugged off higher prices and mortgage rates, a sign of growing confidence in the economy.

The National Association of Realtors said on Wednesday existing home sales jumped 3.3 percent to a seasonally adjusted annual rate of 5.69 million units last month.

That was the highest level since February 2007.

December’s sales pace was revised up to 5.51 million units from the previously reported 5.49 million units. Economists had forecast sales rising 1.1 percent to a 5.54 million-unit pace in January. The NAR also revised sales data going back to 2014. The revisions were minor and had no impact on the characterization of the housing market.

Sales were up 3.8 percent from January 2016. A persistent shortage of properties available for sale, which is lifting house prices, remains an obstacle to a robust housing market.

February Property of the Month 2017

BRITISH HOMES GROUP Florida ~ Specialising in Florida Real Estate

Orlando | Kissimmee | Davenport | Windermere | Bay Hill | Clermont

Residential Luxury ~ Vacation Paradise

New British Homes “Best Buy” Listing!

orlando-homes-feb-17

 

This one won’t last long!

Immaculate end unit consisting of 4 bedrooms and 3 bathrooms overlooking the lake. The home comes fully furnished and is currently used as a short term rental home with over 35 weeks of bookings for 2016 plus approx 30 weeks of owner bookings to convey in 2017 already.

Encantada is a guard gated community with fantastic amenities including heated zero entry community pool, hot tub, tot lot, recreation club house, bar, fitness gym, cyber cafe, games arcade and private lake surrounding by a jogging/walking trail. All this within 5 miles of Walt Disney World and Florida’s world famous attractions, shopping, restaurants, golf and so much more.

Located in a gated community, zoned for short term rentals.

Built: 2014

Beds: 4

Bath: 3

Sq Ft: 1636

Location: Davenport, FL

Request More Information on this Home.

=====================

With over 20,000 investment homes to choose from, the British Homes Group can help you find the perfect home for you. For more information please contact British Homes Group today on +1 407 396 9914 or visit www.britishhomesgroup.com

Orlando Florida, USA

www.BuyToLetHomes.com | www.BritishHomesGroup.com

bhg chamber

Serving UK and International Villa Owners and Property Investors in the Walt Disney Area of Central Florida For Over 30 Years!