The number of homes sold in July was up by 2.4%. However, inventories declined by 1.4%, which does not bode well for home buyers. According to the RE/MAX National Housing Report, there were 2.7 months of supply inventory in July, down from 3.3 months during the same period last year.
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.
