53 homes sold in Glendale last month. The average time it took to sell was only 39 days. The average Glendale home sold over asking price.
Chinese buyers are sinking cash into U.S. residential real estate. Chinese are now the top foreign buyers of domestic properties, according to the National Association of Realtors, and nearly half of them are paying cash. Read more here:
But this rosy picture does raise concerns about affordability. After all, wages are rising by only 2 percent annually and renters are getting squeezed, having to endure 4 percent rate hikes while home prices accelerate more quickly. Read more here
If you are thinking of getting your home on the market, this may be a great time. Who do you know that needs to sell a home? I can help!