Sales of existing homes were down 1.7% in November, a 5-month low, while prices increased by 5.4% versus a year ago. The primary cause for the inventory decline is that the number of available homes was down 7.3%, a record for the month, according to the National Association of Realtors (NAR).
Posted by Jeff Mindham
Prior to becoming a full-time writer in 2015, I was the Senior President of National Marketing for Prudential Real Estate (63,000 agents & 700 franchisees), and the Chief Marketing Officer at several real estate tech startups. Those included ForSaleByOwner.com, the nation’s largest online FSBO, Foxtons and USRealty.com, among others. I began my career on Madison Ave. working at some of New York’s largest ad agencies.
I have a master’s degree from the University of San Francisco and a BA degree in Communications.