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End of Summer 2019 Seller Update Newsletter
End of Summer 2019 Seller Update Newsletter
 
 
Wow time sure flew by, we hope everyone enjoyed their summer spending time with your loved ones having a great time! Hopefully everyone is adjusting to being back in school and getting back into their normal routines!
As we look to what is going on in Real Estate, in an article published by the Wall Street Journal on REALTOR.com, “Mortgage rates fall again as the peak home-buying season begins to draw to a close. Rates fell again last week, a boon to buyers looking to buy a home or refinance.
The most recent existing-home sales data released Wednesday indicated that falling rates in July did prompt an uptick in home-buying activity, particularly in the West. Lower rates have also sparked the biggest refinance boom in years.
But the same headwinds that have kept many people from buying homes remain. There are very few properties for sale, and home prices are increasing as a result. That’s made it much more expensive to buy a home, and low mortgage rates only marginally offset the affordability constraints.”
Lawrence Yun, the trade group’s chief economist, said July’s uptick was an “inevitable realization given incredibly low mortgage rates,” alongside strong job conditions. For the second half ... more

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