Lawrence Yun, NAR chief economist noted in October that, "A trend away from subprime mortgages to FHA loans, which often carry much lower interest rates, is a positive development for consumers and the house market going forward. Still, it will take some time for the change to yield a measurably higher closed sales volume in the aftermath of the subprime collapse. In the near term, we expect home sales to remain fairly stable." As real estate markets are local, here's what happened in the Hampton market in October:
19 homes sold in the Hampton area in October:
- 8 single family homes,
- 10 condos, and
- 1 mobile home.
Year-to-date, 234 homes have sold in Hampton:
-126 single family homes
- 93 condos, and
- 15 mobile homes
In addition, 16 Hampton area homes are pending with active contracts.
For more real estate information, check out my website www.SeacoastHomesForYou.com , or to receive a FREE on-line market analysis on your home check, out www.GetFreePropertyValues.com.
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