Glendale CA Home Values October 2017: A new real estate report reveals that high student loan debts and a shortage of affordable homes are keeping many Americans from buying their first home. The National Association of Realtors (NAR) found that first-time buyers made up only 34% of home sales this year. This is the lowest share recorded since 1981. The steep cost of education leaves many burdened with debt. At the same time, rising home prices make it harder for new buyers to enter the market. As a result, fewer young adults are achieving the dream of homeownership. This marks a nearly 36-year low, highlighting the growing challenges for first-time buyers. Read the rest here
Glendale CA Home Values October 2017 Recap:
Last month, Glendale home sales ranged from $500,000 for a 2-bedroom, one-bath fixer to $2,681,250 for an 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.
