EVP of Auction.com Discusses June Housing Data and its Impact on the Market

Rick Sharga, EVP of Auction.com, discusses the June housing data and its impact on the overall market in a recent video released by the company. In the video, Sharga talks about the positive results seen in existing home sales, new home sales, and home price data. He questions whether this means the housing market is fully recovered and concludes that the market has not completely recovered and is still improving from previous years.

"Although all of those are very positive trends, it suggests that what we are seeing is an improving and much more stable market than what we have seen over the past few years," Sharga said. "But we need to keep things in context. April, May, and June are usually the best months of the year for home sales and even at the current rate of sales we are probably going to see about a million fewer homes sold in 2015 than what would be considered a normal market."

Auction.com, LLC, is the nation’s leading online real estate marketplace. Founded in 2007, the company has sold over $30 billion in residential and commercial real estate assets. Auction.com has over 900 employees and headquarters in Irvine and Silicon Valley, California as well as offices in Austin and Plano, Texas, Atlanta, Denver, New York, and Miami.

https://www.youtube.com/watch?v=x4q_VXJ35Go