Spring Update Housing Market and Mortgage Rates

Marc Demetriou Real Estate and Money ShowSpring Update on the Housing Market and Mortgage Rates
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Spring Update Housing Market and Mortgage Rates

Spring is here and normally by this time the purchase transactions are in full force. Unfortunately, due to a very cold and long winter the spring market that normally starts in March is just getting under way now. In fact, I spoke to 2 realtors in the last week that had 6 listing each that they were putting on the market. Their clients wanted to wait for the warmer weather to best show their Continue reading

Housing Markets Continue to Show Gradual Improvement

Housing Markets Continue to Show Gradual Improvement
By RIS Media

Marc Demetriou Real Estate and Money ShowMarkets in 56 out of approximately 350 metro areas nationwide returned to or exceeded their last normal levels of economic and housing activity, according to the National Association of Home Builders/First American Leading Markets Index (LMI), released recently. This represents a net gain of two from the previous month. The index’s nationwide score of .86 indicates that, based on current permits, prices and employment data, the nationwide average is running at 86 percent of Continue reading

REAL ESTATE AND MORTGAGE RATE UPDATE 12/10/2013

REAL ESTATE AND MORTGAGE RATE UPDATE
Marc Demetriou Real Estate and Money ShowMortgage rates are back up at 2 month highs and there is still a serious shortage of houses for sale in the under 1 million dollar sale price. Home values are still continuing to trend higher due mostly to the lack of inventory which is causing bidding wars. Values should continue to go up by about 5 to 8 percent annually over the next few years. Continue reading