Investors kept April home sales afloat

Home sales in April were unchanged from March as investors remained in the game with the expectation that prices bottomed out, according to the latest RE/MAX National Housing Report.

Last month, investors made up 25 percent of the market, sparking speculation buyers anticipate higher interest rates and home values in the future. During the same period, inventory levels fell as home prices rose 2.2 percent from March—the third increase this year.
resource: Kerri Panchuck