Final Word on Housing Data for 2013

Here are the results for the 2013 National Real Estate Market

• New home sales were up 16%
• Existing home sales were up 9.2%
• Median home prices were up 8.4% (average of $265,800)                                                                                                                                     And, as of late February, weaker economic reports continue to keep interest rates low.  So, as we head into the traditional Spring buying season, interest rates are possibly at the lowest they will be for the year.