Monthly Market Trends Newsletter June 2013

Market Trends

Existing-Home Sales Up 9.7%

Existing-home sale activity is up 9.7 percent over the 4.53 million-unit level in April 2012, according to a recent report by the National Association of REALTORS (NAR). Existing-home sales, which include recently purchased single family, townhomes, condominiums, and co-ops are currently on pace to reach 4.97 million annual units, up from 4.94

Mortgage Rates Get Even Lower

Freddie Mac reports the national average commitment rate for a conventional, 30-year fixed-rate mortgage at 3.45 percent in April, up from 3.57 percent recorded in March 2013. Buyers were accessing rates of 3.91 percent in April 2012. Gary Thomas, NAR President, encourages people to consult with their agent early and often. "With homes

Summer Selling Opportunities

Sellers, you have an excellent opportunity to sell your home this season if you have the right pricing strategy in place from the start! Studies show that the longer a property stays on the market, the less the seller will net upon the sale. It is very important to price your property at a competitive market value at the signing of your listin