Housing Market is Still on a Tear

In a report issued this week, it stated that existing homes sold at their fastest pace in history last month. The median price for a home also hit a record high. However, many private economists indicated that they believe the housing market is nearing its peak.

In June, existing homes sold at an all time annual high rate of 7.33 million units. This represented an increase of 2.7 percent from the seasonally adjusted sales pace in May, according to a report Monday from the National Association of Realtors.

The strength in sales helped pushed the median price of an existing home to a new record of $219,000, a gain of 14.7 percent from the median, or midpoint, for homes sold a year ago.

Based on this data, it would appear that investing in your home is a slam dunk financial decision.

Backgrounder on TheBuilder

Over the past 20+ years I have been involved with Building homes and additions to homes. I have also completed a variety of projects on existing homes including Framing, Electrical, Plumbing, Deck Building, Tiling, Carpeting, Wallpapering, Laying Brick Walkways, Building Concrete Patios, Insulating, Sheet Rocking, Finish Trimwork, Door Hanging, Window Istallation and Painting.

Specific Projects have included:

• Framing 3 homes.
• Finishing the Upstairs on 2 homes. (Framing, Electric, Plumbing, Sheetrocking, Painting, Finish Trim work)
• Finishing 2 basements (with a Bathroom in one of the Basements). Jobs included Framing, Electric, Plumbing, Sheetrocking, Finish Trimwork, Installing Doors and Windows, Painting, putting in Stairs, etc.)

With this Blog Site, I will provide helpful hints on performing many of the tasks necessary in making home improvements to your house.

If you have particular questions related to a Home project that you are considering, please comment on my site, and I will attempt to offer some sage advice.

Welcome to the Home Addition

This is a Blog site for the "Do-it-yourselfer" Home Owner. This site will provide tips and ideas for Building a New home to making minor repairs to your existing home.