High student loan debts and a lack of affordable houses are responsible for a nearly 36-year low in the number of Americans buying their first home, a new real estate report says. First-time buyers have accounted for around 34 percent of home sales this year, the lowest share since 1981, according to a new report from the National Association of Realtors. Read the rest here
Last month Glendale home sales ranged from $500,000 for a 2 bedroom, one bath fixer to $2,681,250 estate. Four homes sold for over $1,500,000.
The low absorption rate reflects a very strong home seller’s market. As we are winding down the year there will be less selection for home buyers who are still in the market for Glendale real estate. If you want to learn more about Glendale homes for sale and their values, call Phyllis at 818 790-7325.