Real Estate Economy
The real estate market is constantly fluctuating, and it’s important to stay informed about the latest trends and data. According to a recent report from the Commerce Department, new home sales in the United States rose 2.3% in December, reaching a seasonally-adjusted rate of 616,000. This marks the third consecutive month of increases in new home sales.
It’s worth noting, however, that existing-home sales have seen a decline in recent months. Despite this, the December sales figure for new homes beat analyst estimates, with many experts forecasting a rate of 615,000. The median sales price of a new home sold in December was $442,100.
One key factor to consider is that new home sales are still down 26.6% compared to the same time last year. Additionally, the supply of new homes for sale fell by 2.2% between November and December, equating to a 9-month supply.
At Ratified Title Group (RTG), we understand that navigating the real estate market can be challenging. That’s why we’re committed to providing our clients with the best title insurance services in the industry. Whether you’re buying or selling a home, we’re here to ensure that the process goes as smoothly as possible.
Our team of experts will work with you every step of the way, from the initial search for a property to the closing of the deal. We understand that buying or selling a home is a significant investment, and we’re dedicated to protecting your interests. At RTG, we pride ourselves on being a one-stop-shop for all your title insurance needs in Virginia, Maryland, and DC.
If you’re looking for a title company you can trust, look no further than Ratified Title Group. Contact us today to learn more about how we can help you with your real estate transaction. With our knowledge and expertise, you can rest assured that your investment is in good hands.