Spring Is The Best Time To Sell Your Home In Huntsville or Madison AL
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Traditionaly Spring Is The Best Time To Sell Your Home In Huntsville or Madison AL
And this week’s news released in the Freddie Mac U.S. Economic and Housing Market Outlook proved that Spring is an ideal time to sell your home. Citing the combination of low mortgage rates, heightened consumer confidence and higher home prices, Freddie Mac even created a video (see below) detailing the March 2013 U.S. Economic and Housing Market Outlook.
2 Key Factors That Bode Well For Your Home Sale
- Anticipation of a 8-10% Increase in 2013 Home Sales.
- Home Affordability at Highest Level in Decades.
This week also marks a trend in the 30-year fixed mortgage rate, with it having remained below 4% for an entire year. Currently the 30 year fixed rate is 3.54% with .8 point and the 15 year fixed is 2.72 with a .7 point. The 5 year ARM remained steady at 2.61 % with .6 point and the 1 year ARM was down slightly to 2.63 with a .4 point. Our local lenders here in Huntsville and Madison Alabama tell pretty much the same story with Conventional 30 year and 15 year fixed rates at 3.625% & 2.75% respectively. FHA & VA 30 year rates are currently at 3.25%
According to Freddie Mac Vice President and Chief Economist, Frank Nothaft, “History shows us not all economic recoveries are created equal and consumer confidence mirrors this fact. With the spring home buying season upon us, the recent highs in the stock market are a welcome signal of better times ahead. But it will be the gradually declining unemployment rate and steadily improving housing market that will deliver broad-based economic benefits for Americans and, in turn, support the overall recovery.”
**********Learn more at FreddieMac.com.**********
Living and working in the Northern Alabama area I've watched the change in area home prices and seen an overall improvement in the local economy and housing market. If you're ready to sell your home and list it or looking to purchase give me a call or contact me by email and let me tell you about the market and why I think Spring Is The Best Time To Sell Your Home In Huntsville or Madison Alabama
If you need a knowledgeable real estate professional in Madison Alabama or Huntsville Alabama area, why don't you let me Google that for you! I also know outstanding agents in all states and Canada should you need help relocating to a new area.
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