This Month in Real Estate. Home Sales Show Growth.

Interest rates remain low, fueling the home buying market. It’s going to continue to be a strong home buying and selling season into the summer.

The number of homes on the market continued to increase throughout first quarter 2015 though the pace of sales grew faster. It was a solid start for the housing market, mirroring 2013 numbers…only with fewer distressed property sales.

imagesInterest rates for 30-year fixed loans remain below 4% and continue to slowly decline. Freddie Mac reports: 30-year fixed rate, 3.66%, 15-year fixed rate, 2.92%; and a 5/1-year ARM, 2.84%.

The seasonally adjusted annualized rate of home sales increased 6.1% in March. This was 10.4% higher than the same time last year, which is the largest year-over-year increase since August of 2013. The housing market continues to see strong numbers, and is projected to maintain those all summer, due to the incredibly low interest rates.

If you’re looking to sell your home or a buy a new home, contact me. As a Keller Williams Realtor with years of expertise, I am here to help you sell your home…or find a new home just perfect for your needs. I look forward to working with you.

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