This just in...According to the National Association of Realtors, existing homes sales rose 3.6% to a seasonally adjusted annualized rate of 4.89m in June. That’s up from a 4.7m rate in May – good news for the housing market and the economy in general. In addition, despite interest rates rising slightly to 5.14%, just a year ago the average interest rate on a 30-year fixed rate mortgage was 6.63%. Sales of new single-family homes jumped 11% in June – the biggest monthly gain since December 2000 and far outstripping economists outlook for a 4.5% rise.
So tell me this; in a market with great affordability, rates and choice, are you getting your fair share?
It’s a good life!
Brian