Housing Market is On The Move

I have good news for all of you "would be sellers".  At long last we are seeing some real movement in prices of homes.  It is my feeling that the last three months have seen a steady increase in prices and number of multiple offers on properties. The last three weeks have felt like "old times" with homes selling within a week and with two or more offers.  My feeling is,  that we have reached the bottom in most price ranges and will now see more homes coming on the market and selling closer to their asking prices. The good news for the Buyers is that interest rates are at a historical low.  I would suggest that you watch them closely as last week you could get a 15 year fixed for 3%.  That is certainly the "best rate" I've seen in my lifetime.

Posted on August 22, 2012 at 10:33 pm
MJ Steen | Category: Uncategorized

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