Many real estate experts have noted the possible effect that rising rates will have now and in the near future on the value of homes. Low mortgage rates were a major factor in the market’s recovery the past several years.
The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors (NAR) all project 2017 mortgage interest rates will rise. Increasing interest rates will definitely impact purchasers and may stifle demand. The fed has already indicated they will most likely raise rates soon, possibly in March.
The housing inventory in Greater Madison is 1.7 months, less than 1/3 of what is typical for our market. And as such, homes hitting the market get instant attention and are selling at premium levels!
The post Here’s Why You Should Sell Your Home TODAY! appeared first on Randy Lenz | Real Estate.
There was high outbound activity in the Northeast for the 5th year in a row! Most of the moving can be attributed to Baby Boomers relocating upon retirement. The top spot, surprisingly, belongs to South Dakota for high inbound activity. This is one list that Wisconsin did not earn a top spot in for people considering relocation […]
The post Where Are Americans Moving? (Infographic) appeared first on Randy Lenz | Real Estate.
The housing crisis of the past is finally in dissipating as the real estate market moves down the road to a complete recovery. Home values are up, home sales are up and distressed sales (foreclosures and short sales) are at their lowest mark in almost a decade. This year has been great for real estate […]
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