Both existing and new construction homes are seeing drastic cuts in pricing as sellers attempt to stay competitive.
Lawrence Yun, chief economist for the National Association of REALTORS®, offered a simple explanation for the bargain prices.
“After three years of the housing downturn, people are becoming much more realistic in terms of valuing their homes,” he said.
With the weather improving, now is a great time to buy or sell a home! Contact us today for more information.
March’s “This Month in Real Estate” video has been released. The top story concerns the recent jump in interest rates putting pressure on buyers to purchase now. Current mortgage rates average just above 5 percent, up slightly from the historic lows seen only months ago.
This slight increase in interest rates could signify buyers racing to lock their mortgages at current levels. For the complete story and much more, click the “Play” button below.
Keller Williams agents have the knowledge and toolsets to help you succeed in any real estate market. Contact us today!
On the heels of several weeks of rising, the national fixed 30-year mortgage rate dipped this week, according to an Associated Press report.
The report, featured on MSNBC Real Estate, also noted that rates have been rising since November, suggesting that time is running out on capitalizing on what are still considered low rates.
For more information on the current market and where it may be headed in 2011, contact us today. A Keller Williams associate would be happy to be your guide in the home search or home sale process.
A recent article published in USA Today offers detailed information on the current state of the real estate market in greater Lafayette. According to the article, the summer is ending on a “flat note.”
The article also notes that the overall monthly sales volume is down nearly 30% from July 2009. However, many local real estate agents are looking forward to the positive benefits which currently low interest rates can bring.
Despite some of the negative news this article offers, now is a great time to buy a home as interest rates are at historic lows. Contact us today to find out more!
Please click the link below to read the full story.
August’s edition of the “This Month In Real Estate” newsletter has been released. Read about the state of home sales, the continuing trend of low mortgage interest rates, and more by clicking here. As always, for more information on buying or selling a home in the greater Lafayette, IN area, visit our website.