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Existing-Home Sales Increase by 2.6% Due to Low Mortgage Interest Rates

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    Sales of existing homes increased in August by 2.6% from the same period a year ago, according to the National Association of Realtors (NAR). While sales volume increased, so did prices which were up by 4.7% versus a year ago.

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    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.
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