Americans Positive Going Into 2017!
The U.S Dept. of Commerce reports that retail sales in October were up .8% and upgraded September sales to a 1% increase. Together these were the largest 2 month increase since spring, 2014!
So Are Housing Starts!
The U.S. Census Bureau reports that October starts of privately-owned housing were at a seasonally adjusted annual rate of 1,323,000, or 23% above October, 2015!
The Register Guard reports a 10.2% year over year increase in home sales in Lane County for the month of August!
We’re pleased to tell you that the Oregon Dept. of Motor Vehicles now accepts credit and debit cards! We’re not sure why they’re so late to the party that everyone else joined long ago, but we’re glad they did.
Fidelity Monitor&Insight newsletter reports that home sales have reached an annualized “six million units…for four straight months – something not seen since the housing crash. Personal income rose a solid .04% in July.”
And for Lane County home buyers – Housing inventory rose to 2.5 months in July from 1.8 months in June.
And good news for Lane County realtors – Average days on market for sold homes decreased by 24.1% from a year ago!