Let's talk Real Estate! Can you imagine, interest rates are below 5%, and just two weeks ago were under 4%, both historically low for 30 year fixed mortgages. Currently for new construction condos, there is a mortgage available at 3.75% with 0 points fixed for 30 years. And WOW! sales are still sluggish and not where they should be, even with this financing available. The selection of inventory is fantastic in almost every area, this includes low, mid and high priced homes. That includes both properties offered for sale and rentals. So, why are sales not what many of the top realtors believe they should be? In my opinion, with the loss of equity in our area homes and across the country, many buyers are still concerned. They are thinking "Are we at the bottom?" But nothing is for certain. So, I believe it's opportunity time. If you are a buyer, call your Realtor, or myself or one of the members of my team, so we may educate you on what a great opportunity it is to buy. If you're not in our immediate area, but want to be referred to a top realtor, contact me, and I will make sure you get a quality agent. Thanks for reading! My blogs will be updated weekly.
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