Monthly Market Trends Newsletter July 2013

Existing Home Sales Up 4.2 Percent

Existing-home sales activity has increased 4.2 percent during the month of May, and is up 12.9 percent over the 4.59 million-unit level in May 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

The Low Cost of Financing

Home financing costs are at historic lows, making home ownership a reality for many first time buyers. Freddie Mac is reporting that the average commitment rate for a 30-year fixed rate loan was hovering around 3.54 percent at the end of May - up from 3.45% in April but below the 3.8 percent offered a year ago in May 2012. Many experts see rat

Summer Selling Opportunity

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 listing co