Skyrocketing Real Estate Sales Hit An Historical Benchmark

Day after day, the chatter that is heard is all about the rising cost of homes, record low interest rates, refinancing through hybrid amortization plans and home sales remaining unabated. Despite all the talk and speculation of a bubble that’s going to burst, April of this year was the highest month on record for sales of existing homes. May is virtually in the same category. While the median cost of homes continues to rise, and the demand for housing does nothing to stifle these price increases, the most basic rules of supply and demand have gripped the nation.
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