Existing home sales declined 2.2% compared to the same period a year ago, while actual home prices declined for the first time since 2012 in major metro areas on the West Coast. With unemployment at a 50-year low and mortgage rates considerably lower than they were just a year ago, many economists are puzzled at the sales volume decline.
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.
