Prices for existing homes have continued to rise this summer. July marked the 5th consecutive monthly increase for year over year sales data. This is good news and shows continued strength in the housing market.
As a custom home builder on Cape Cod, many of REEF's customers are selling their existing homes to retire here on beautiful Cape Cod. With low interest rates, and rents on the rise, the housing market has begun a consistent upward trend, allowing people to sell their homes at a higher price. The favorable interest rates also help the construction / renovation market as construction loans are also available at similarly low rates. If you are thinking of building a new home on Cape Cod or Renovating your existing home click here to find out what it might cost:
Here is the full article from residentialpros.com: Home Prices on the Rise