The Law Office of Michael E. Ripley

Exceeding Expectations

Home Sales Have Reached Highest Since 2007

According to USA Today newspaper (July 23, 2015), U.S. home sales have reached their highest level since 2007. Home sales increased by 3.2% in June, 2015.  Economists indicated that the spring buying season for 2015 was the strongest since the economic downturn eight years ago. The median sales price of a previously owned home in the U.S. was $237,000.00, which is 6.5% above the price one year before.