Nationwide Real Estate News: May 24, 2013

Here’s the latest real estate news for the Philadelphia Real Estate community and across the country. Feel free to pass the news along to your friends, colleagues, and clients. Happy Friday and enjoy the nice, long Memorial Day weekend!

The 14 Best Housing Markets For The Next Five Years

National home prices are down 29.1% since their Q1 2006 peak.

http://www.businessinsider.com/best-housing-markets-for-five-years-2013-5?op=1

Home Sales Continue To Climb

The National Association of Realtors reported home sales edged up 0.6% to an annual pace of just under 5 million homes.

http://money.cnn.com/2013/05/22/news/economy/home-sales/index.html?section=money_realestate&

Homes Selling At Fastest Pace Since Boom

Strong demand and still limited supply mean homes are now selling nearly three times as fast as they normally would.

http://www.cnbc.com/id/100758136

Builder Confidence Rises Along With Increase in Building Permits

Housing market improvements continue to be seen with builder confidence on the rise along with an increase in building permits.

http://realtytimes.com/rtpages/20130522_buildingpermits.htm

Washington, D.C.: The New Boomtown

Bidding wars, multimillion-dollar sales and modern architecture: the transformation of the Washington D.C., real-estate market.

http://online.wsj.com/article/SB10001424127887324767004578489202247919668.html

Post compliments of the CenterCityTeam Philadelphia Real Estate Blog

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Frank L. DeFazio
Prudential Fox & Roach — Society Hill
530 Walnut Street, Suite 260
Philadelphia, PA 19106
Cell: 610-636-4364
Licensed in Pennsylvania

Nationwide Real Estate News: May 24, 2013