Market Review: July Update.

The housing market continues to be strong; with the pace of home sales increasing in May. In fact, it was at its fastest pace since August of 2013.

UnknownBuyers were looking to take advantage of the low interest rates and nationwide, more homes came into the market than last year at this time. For the first time since September of 2014, 30-year interest rates reached 4%. At the present, Freddie Mac reports that the 15-year fixed rate is at 3.23%, with the 5/1-year ARM at 3%.

Market demand continues to grow at a faster rate than last year, despite having 1.8% more homes for sale in May than in May of 2014. As low interest rates continue to give incentive to more buyers to enter the home buying market.

if you’re looking to buy or sell a home, contact me. I am not only a Realtor, but your neighbor. And I am here to help make your home buying or selling experience easy, with expertise and industry knowledge.

I look forward to working with you.

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