{"id":632,"date":"2013-06-06T17:01:43","date_gmt":"2013-06-06T17:01:43","guid":{"rendered":"http:\/\/lakeandhomes.com\/blog\/?p=632"},"modified":"2013-06-06T17:06:43","modified_gmt":"2013-06-06T17:06:43","slug":"this-month-in-real-estate","status":"publish","type":"post","link":"https:\/\/lakeandhomes.com\/blog\/this-month-in-real-estate\/","title":{"rendered":"This Month In Real Estate"},"content":{"rendered":"<div class=\"mceTemp mceIEcenter\">\n<dl id=\"attachment_633\" class=\"wp-caption aligncenter\" style=\"width: 650px;\">\n<dt class=\"wp-caption-dt\"><a href=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/reporthead.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-633\" title=\"This month in Real Estate\" src=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/reporthead.jpg\" alt=\"\" width=\"640\" height=\"138\" srcset=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/reporthead.jpg 640w, https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/reporthead-300x64.jpg 300w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/a><\/dt>\n<dd class=\"wp-caption-dd\"><\/dd>\n<\/dl>\n<\/div>\n<p>&nbsp;<\/p>\n<p>The recovery of the U.S. housing market now appears to be well \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 <a href=\"http:\/\/kellerwilliams.vzaar.me\/1128635\">VIDEO<\/a><br \/>\nunder way. The low level of inventory is having a significant<br \/>\neffect in most markets and we are keeping agents, appraisers,<br \/>\nand home inspectors very busy. April saw a significant jump in sales<br \/>\nvelocity with median days on market falling to 46 days from the<br \/>\nprevious month&#8217;s 62 days with 44% of homes selling within one month.<br \/>\nAccording to NAR Chief Economist Lawrence Yun, April typically sees<br \/>\nthe most significant gain in inventory in any given year, meaning low<br \/>\nlevels of inventory are likely to persist throughout the year. Prices continued to rise marking the fifth consecutive month of double-digit gains in median price. With affordability still at historically high levels, the market continuing to improve, and inventory lending advantage to sellers, it could be an opportune time for a well-informed buyer or seller to enter the market.<\/p>\n<p>&nbsp;<\/p>\n<p><a href=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/interestdiv.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-634\" title=\"interestdiv\" src=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/interestdiv.jpg\" alt=\"\" width=\"638\" height=\"164\" srcset=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/interestdiv.jpg 638w, https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/interestdiv-300x77.jpg 300w\" sizes=\"auto, (max-width: 638px) 100vw, 638px\" \/><\/a><\/p>\n<p><a href=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/all.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-636 aligncenter\" title=\"all\" src=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/all.jpg\" alt=\"Home sales in April reached a seasonally adjusted annual rate of 4.97 million, a 0.6% increase from March and a 9.7% increase from April of 2012. This is the fastest annual sales pace the market has seen since the 2009 tax credit with April being the twenty-second consecutive month of year-over-year gains. Even with these gains, the market is still being constrained by tight credit and inventory according to NAR Chief Economist Lawrence Yun. &quot;The robust housing market recovery is occurring in spite of tight access to credit and limited inventory.&quot; says Yun. &quot;Without these frictions, existing-home sales easily would be well above the 5 million unit pace.&quot;\" width=\"636\" height=\"642\" srcset=\"https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/all.jpg 636w, https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/all-150x150.jpg 150w, https:\/\/lakeandhomes.com\/blog\/wp-content\/uploads\/2013\/06\/all-297x300.jpg 297w\" sizes=\"auto, (max-width: 636px) 100vw, 636px\" \/><\/a><\/p>\n<p>Rain Silverhawk, e-pro, Short Sale and Foreclosure Specialist<br \/>\nReal Estate Agent<br \/>\n208-610-0011<br \/>\nhttp:\/\/www.northdahosandpoint.com<br \/>\nrain@northidahosandpoint.com<br \/>\nSP36782<\/p>","protected":false},"excerpt":{"rendered":"<p>&nbsp; The recovery of the U.S. housing market now appears to be well \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 VIDEO under way. The low level of inventory is having a significant effect in most markets and we are keeping agents, appraisers, and home inspectors [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59,5,54,4],"tags":[10,130,104,12],"class_list":["post-632","post","type-post","status-publish","format-standard","hentry","category-active-rain","category-real-estate-articles","category-real-estate-for-sale","category-sandpoint-real-estate","tag-idaho","tag-market-report","tag-rain-silverhawk","tag-real-estate"],"_links":{"self":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/632","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/comments?post=632"}],"version-history":[{"count":3,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/632\/revisions"}],"predecessor-version":[{"id":638,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/posts\/632\/revisions\/638"}],"wp:attachment":[{"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/media?parent=632"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/categories?post=632"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lakeandhomes.com\/blog\/wp-json\/wp\/v2\/tags?post=632"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}