About Jon Iacono
Jon Iacono brings his 21+ years of experience in the industry to Advisors Mortgage Group. Jon was born in Brooklyn, NY but has lived the majority of his life in Monmouth County, NJ. As a graduate of Monmouth University with a concentration in Management and Computer Science, Jon brings his training and education to Advisors Mortgage to help grow and manage the recruiting team.
Jon worked alongside many mortgage and real estate industry professionals previously with Mortgage Intelligence companies such as, Mortgage Market Guide, Loan Tool Box, Certified, Scripts for Success, CMPS, MBS Highway, Turning Point CRM and more. Jon gives back to his community and has been an active volunteer firefighter for the Colts Neck 84 -1 station since 2004. He enjoys staying active by playing golf, lifting weights, boxing, training Jiu Jitsu and most importantly spending time with his two kids Lily and Jonny Jr.
Existing Home Sales Stronger Than Estimates
December 2, 2024
Existing Home Sales rose 3.4% in October to a pace of 3.96 million units, beating expectations. This marks a 2.9% increase from last year, the first annual gain in three years, though sales remain below the normal 5 million level. The rise reflects the shopping done in August and September when rates were lower, but sales could slow in future reports as rates have risen again.
Inventory grew slightly to 1.37 million units, up 19% year over year but still tight, with a 4.2-month supply below the balanced 4.6 months. Homes stayed on the market for 29 days on average, and 29% of homes sold above list price, showing strong demand and bidding wars in some areas.
The median home price rose to $407,200, up 4% year over year. First-time buyers made up 27% of sales, while cash buyers dropped to 27%, and investors rose to 17%. Redfin reported a 17% jump in homebuyer interest post-election, the highest in 15 years, which could signal more activity ahead.
Source : https://bit.ly/49RYh6M
