MARKET IS PICKING UP……
As the first quarter of the year has approached and nearly coming to an end, there are many optimistic reasons for buying/selling in today’s market.
In the past 4 months, I have had the opportunity to sell/rent steadily in this market. People are noticing the change in the market and definitely for the better.
1. Interest rates are at an all time low for mortgages.
2. Sellers have become more acceptable to market pricing.
3. Buyers are ready to purchase with 20% down and make the move.
4. For those who aren’t getting the price they would like, and have decided to rent, rentals are up quite a bit from last year. It seems there are more renters than there are rental properties.
So, the market is moving. Please remember, that social media and tv seems to get more notice when speaking of the market and news in general in a negative manner. It perks up a consumer’s ears to hear something may be wrong in the market.
This is not true. As a real estate agent in the western suburbs, I can promise you that homes are being sold. Take time to research when looking to buy/sell.
Take time to look for the realtor that can make you one of the optimistic statistics in the real estate market….ME!
| Mortgage Type | Today | Last Week | Change | Graph |
|---|---|---|---|---|
| 15 Year Fixed | 3.330% | 3.326% | 0.004 | graph |
| 30 Year Fixed | 4.017% | 4.008% | 0.009 | graph |
| 1 Year ARM | 3.285% | 3.284% | 0.001 | graph |
| 3/1 Year ARM | 3.214% | 3.212% | 0.002 | graph |
| 5/1 Year ARM | 3.138% | 3.122% | 0.016 | graph |
ENJOY YOUR WEEK!
In the meantime be sure to check out my website! You can view the entire inventory of homes for sale in your area.
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Mary Lou Scala
Broker Associate, ABR, CNC, GRI, SFR
630-915-3373