A Glass at Least Half Full With Market News

By
Real Estate Agent with Keller Williams Realty

Increased Mortgage RatesGood News: Foreclosure inventory at it's lowest point since the end of 2008 reports Lender Processing Services. http://www.lpsvcs.com/LPSCorporateInformation/NewsRoom/Pages/20131122.aspx

If your looking to sell your home the good news is that prices are up overall since last year by over 11%. If your a buyer there is also a bit of good news, homeprices are down about 5% since last month. 

http://www.kw.com/kw/this-month-in-real-estate.html 
And
http://www.inman.com/2013/11/06/home-prices-post-highest-annual-gain-in-nearly-8-years/

If your buying of selling the glass can always be viewed as at least half full. Although mortgage rates rose a bit recently they are still historically low. Although exsiting home sales fell last month it's important to remember that we had a 2 week government shutdown during that time. Repercussions of the shutdown had a deep trickle down effect. 
http://abcnews.go.com/Business/wireStory/us-existing-home-sales-fall-32-pct-october-20949490

The best time to buy a house is when your are reaady and the home of dreams is avilable to purchase. 

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Georgia Chatham County Savannah
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Don Callahan

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