According to Mortgage Bankers Association estimates, new single-family home sales were up 8.6% in June and are 7% higher year-over-year.

NAR’s latest HOME survey reports 62% of renters think now the good time to buy a home. Also 61% of home owners believe now is a good time to sell.

National home average prices have already climbed by over 5% in 2016. Economists predict strong home-price appreciation will continue this year.