May’s “This Month in Real Estate” report can be accessed by clicking here. Check back over the next few days for June’s “This Month in Real Estate” video, which will feature the latest real estate news and updates directly from KWRI.
Here is a snippet of the report:
The housing market and the overall economy are improving at modest rates nationally, and in some areas they have actually gained momentum. The Conference Board’s CEO confidence index is up a notable 14 points—from 49 last quarter to a current reading of 63. A reading of 50 is the threshold above which indicates an optimistic outlook and below indicates pessimism. Rapidly growing optimism is a good sign for future hiring and growth.
As always, for all of your real estate needs, contact us today!
June’s “This Month in Real Estate” video has been released. This edition”s top story concerns the most common repairs made to a home prior to its sale. Several market statistics for the year thus far are also included, revealing that the median sales price for homes nationally is $164,000 with mortgage rates continuing to decline. For the full story and more, click the “Play” button below.
For more information on the real estate market or to speak to one of our agents about buying or selling a home, contact us today!
May’s “This Month in Real Estate” video has been released. This month’s top story focuses on the positive effects staging can have on the sale of a home. Of particular note, KW research finds that $250 spent on staging for a $200,000 home can result in the home selling for a 2 percent higher sales price. For the complete story and more, click the “Play” button below.
For more information on staging and how it can lead to the sale of your home, contact us today!
According to REALTOR® Magazine, mortgage rates are once again on the rise for the fourth consecutive week. Still, despite the slow increase, rates remain just below 5 percent, equaling affordability for buyers.
Frank Nothaft, chief economist for Freddie Mac, also noted that consumer purchases rose for the ninth straight month, indicating a potentially positive upswing for the economic recovery.
Below are the most current mortgage rates for the week:
- 30-year fixed-rate mortgages: averaged 4.91 percent, up from last week’s 4.87 percent. Last year at this time, 30-year rates averaged 5.07 percent.
- 15-year fixed-rate mortgages: averaged 4.13 percent, up from last week’s 4.10 percent average. Last year, 15-year rates averaged 4.40 percent at this time.
- 5-year adjustable-rate mortgage: averaged 3.78 percent, an increase from last week’s 3.72 percent average.
For more information on the real estate market, contact us today!