[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"$f7jb6znbxv84f":3,"$f2emv3tus0uf1":35,"$fbwk2pqjjqsc7":39},{"item":4,"previous":23,"next":29},{"id":5,"slug":6,"title":7,"description":8,"excerpt":9,"contentType":10,"featuredImage":11,"bannerImage":9,"body":12,"agentsBottomLine":13,"bodyImage":14,"isInfographic":15,"categories":16,"isVideo":15,"videoThumbnail":9,"videoSource":9,"publishedAt":21,"updatedAt":22},480,"existing-home-sales-rebound-in-december","Existing Home Sales Rebound in December","The \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> just released their latest \u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2016\u002F01\u002Fexisting-home-sales-surge-back-in-december\">Existing Home Sales Report\u003C\u002Fa>\u003C\u002Fem> on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.\r\n\r\nWhile this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.\r\n\r\n","","blog","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F01\u002F01161752\u002FSales-Rebound.jpg","The \u003Cem>National Association of Realtors (NAR)\u003C\u002Fem> just released their latest \u003Cem>\u003Ca href=\"http:\u002F\u002Fwww.realtor.org\u002Fnews-releases\u002F2016\u002F01\u002Fexisting-home-sales-surge-back-in-december\">Existing Home Sales Report\u003C\u002Fa>\u003C\u002Fem> on Friday. Sales of existing homes rose by the largest increase ever recorded as they rebounded 14.7% over November’s numbers and now stand at 7.7% higher than a year ago.\r\n\r\nWhile this is great news for the housing market, let’s take a look at one of the main reasons why there was such a large increase in sales.\r\n\r\n\u003C!--more-->\r\n\r\nAs we explained \u003Ca href=\"http:\u002F\u002Fwww.keepingcurrentmatters.com\u002F2015\u002F12\u002F23\u002Fwhy-did-home-sales-drop-so-dramatically-last-month\u002F\">last month\u003C\u002Fa>, the implementation of the \u003Cem>“Know Before You Owe”\u003C\u002Fem> (TRID) initiative delayed some closings, pushing a portion of November's would-be transactions to close in December.\r\n\u003Cblockquote>\u003Cem>\"December's rebound in sales is reason for cautious optimism that the work to prepare for ‘Know Before You Owe’ is paying off,\" \u003C\u002Fem>says\u003Cem> NAR President \u003C\u002Fem>Tom Salomone.\u003C\u002Fblockquote>\r\nLawrence Yun, \u003Cem>NAR’s Chief Economist\u003C\u002Fem>, had this to say about the surge in December sales:\r\n\u003Cblockquote>\u003Cem>\"While the carryover of November's delayed transactions into December contributed greatly to the sharp increase, the overall pace taken together indicates sales these last two months maintained the healthy level of activity seen in most of 2015. Additionally, the prospect of higher mortgage rates in coming months and warm November and December weather allowed more homes to close before the end of the year.\"\u003C\u002Fem>\u003C\u002Fblockquote>\r\nThe most important realization to come out of the report is the fact that inventory of existing homes for sale dropped dramatically from a 5.1-month supply in November to the lowest figure since January 2005, at a 3.9-month supply.\r\n\r\nA \u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002F2015\u002F07\u002F28\u002Fbuyer-demand-continues-to-outpace-housing-supply\u002F\">normal market\u003C\u002Fa>, where prices rise with inflation, is defined as having a 6-7-month supply of homes for sale. As you can see in the chart below, inventory levels in 2015 were at or below a 5.2-month supply for the entire year.\r\n\r\n\u003Ca href=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F01\u002FSlide1-2.jpg\" rel=\"attachment wp-att-32670\">\u003Cimg class=\"alignnone wp-image-32670\" src=\"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F01\u002FSlide1-2.jpg\" alt=\"2015 Months Inventory of Homes For Sale | Simplifying The Market\" width=\"650\" height=\"488\" \u002F>\u003C\u002Fa>\r\n\r\nIf inventory levels do not recover, this could be a challenge for sales moving forward as buyer demand remains strong and competition for the homes that are on the market continues to rise.\r\n\u003Ch3>\u003Cstrong>Bottom Line\u003C\u002Fstrong>\u003C\u002Fh3>\r\nIf you are considering listing your home for sale in 2016, now is the time! With inventory levels at their lowest mark in over 10 years, listing your home for sale now will give you the most exposure to buyers and allow you to get the best price for your home.","\r\nIf you are considering listing your home for sale in 2016, now is the time! With inventory levels at their lowest mark in over 10 years, listing your home for sale now will give you the most exposure to buyers and allow you to get the best price for your home.","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002Fwp-content\u002Fuploads\u002F2016\u002F01\u002FSlide1-2.jpg",false,[17],{"id":18,"name":19,"slug":20},6,"For Sellers","sellers","2016-01-25T10:00:44Z","2016-01-25T13:25:01Z",{"id":24,"slug":25,"title":26,"featuredImage":27,"publishedAt":28,"contentType":10,"isVideo":15},479,"should-i-buy-now-or-wait-until-next-year-infographic","Should I Buy Now Or Wait Until Next Year? [INFOGRAPHIC]","https:\u002F\u002F\u002F","2016-01-22T10:00:16Z",{"id":30,"slug":31,"title":32,"featuredImage":33,"publishedAt":34,"contentType":10,"isVideo":15},481,"where-are-interest-rates-headed-this-year","Where Are Interest Rates Headed This Year?","https:\u002F\u002Fsimplifyingmedia\u002Fwp-content\u002Fuploads\u002F2016\u002F01\u002F01161749\u002FGold-House-Percentage.jpg","2016-01-26T10:00:00Z",{"cover":36,"open":37,"shareSpread":38},"https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Cover-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Spread-original.png","https:\u002F\u002Ffiles.keepingcurrentmatters.com\u002FKeepingCurrentMatters\u002Fcontent\u002Fimages\u002F20260603\u002F2026-Summer-Sellers-Guide-Magazine-original.png",[40,44,48,49,53,57,61,65,69,73,77,81,85,89,93,97,101,105,109,113,117,121,125,129,133,137,141,145,149,153],{"id":41,"name":42,"slug":43},1,"Uncategorized","uncategorized",{"id":45,"name":46,"slug":47},5,"For Buyers","buyers",{"id":18,"name":19,"slug":20},{"id":50,"name":51,"slug":52},7,"Foreclosures","foreclosures",{"id":54,"name":55,"slug":56},8,"Infographics","infographics",{"id":58,"name":59,"slug":60},9,"Home Prices","home-prices",{"id":62,"name":63,"slug":64},11,"First-Time Buyers","first-time-buyers",{"id":66,"name":67,"slug":68},34,"Senior Market","senior-market",{"id":70,"name":71,"slug":72},35,"Mortgage Rates","mortgage-rates",{"id":74,"name":75,"slug":76},38,"Move-Up","move-up",{"id":78,"name":79,"slug":80},41,"For Sale by Owner","for-sale-by-owner",{"id":82,"name":83,"slug":84},42,"Featured","featured",{"id":86,"name":87,"slug":88},45,"New Construction","new-construction",{"id":90,"name":91,"slug":92},52,"Luxury \u002F Vacation","luxury--vacation",{"id":94,"name":95,"slug":96},53,"Rent vs. Buy","rent-vs-buy",{"id":98,"name":99,"slug":100},80,"Time-sensitive","time-sensitive",{"id":102,"name":103,"slug":104},81,"Outdated","outdated",{"id":106,"name":107,"slug":108},147,"Internal","internal",{"id":110,"name":111,"slug":112},148,"Do Not Autopost","do-not-autopost",{"id":114,"name":115,"slug":116},320,"Inventory","inventory",{"id":118,"name":119,"slug":120},321,"Agent Value","agent-value",{"id":122,"name":123,"slug":124},322,"Affordability","affordability",{"id":126,"name":127,"slug":128},323,"Buying Tips","buying-tips",{"id":130,"name":131,"slug":132},324,"Downsize","downsize",{"id":134,"name":135,"slug":136},325,"Economy","economy",{"id":138,"name":139,"slug":140},326,"Equity","equity",{"id":142,"name":143,"slug":144},327,"Forecasts","forecasts",{"id":146,"name":147,"slug":148},328,"Selling Tips","selling-tips",{"id":150,"name":151,"slug":152},339,"Expired\u002FWithdrawn\u002FCanceled","expiredwithdrawncanceled",{"id":154,"name":155,"slug":156},340,"Price It Right\u002FOverpricing","price-it-rightoverpricing"]