The Housing Market Continues to Recover
The housing market continues to recover. Sales of existing homes are on the rise. Prices for these homes are also rising because of low inventory. According to the National Association of Realtors the rental market is also strong with low vacancies and higher rents.
This month mortgage interest rates are at approximately 3.4%. This is near record low. This means more people can afford to buy houses. Home sales this month have increased almost 15% from this time last year. The median home price also increased 2.1% this month. These figures are further evidence that the market is continuing to recover.
If you or anyone you know is interested in buying or selling a home contact me today!
Jeffrey L. Tricoli, P.A., Keller Williams