Residential

10 housing markets closing out 2017 with a bang

The five most active housing markets in the country are expected to have sales volumes nearly double the national average during the fourth quarter, according to Attom Data Solutions.

Of the 331 counties that Attom analyzed, 213 are expected to have home sales above the national average during the fourth quarter, according to the Irvine, Calif.-based real estate data aggregator’s Pre-Mover Housing Index, a predictive measure of the upcoming quarter’s home sales activity.

The markets with the highest index values generally had lower unemployment rates, but slightly weaker wage growth than markets with below-average index readings. In the 213 counties with above-average index values, the average unemployment rate was 3.8%, compared to 4.2% for counties with below-average index readings.

Read Article at NationalMortgageNews.com

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