- Homes Here and Nationwide are Selling.
- Mortgage Rates Are At Historical Lows.
- Selection is Excellent.
- Demand Will Continue.
- Home Sale Prices Have Increased.
Call Tami and Steve to learn more about home buying and selling opportunities.
The REALOGY corporation ran this full page in the October 20, 2006 edition of USA TODAY:
WHAT YOU NEED TO KNOW ABOUT TODAY'S REAL ESTATE MARKET
NOW IS A GOOD TIME TO BUY
Homes Are Selling--Over 7 million new and existing homes were sold in each of the past 3 years. Total home sales are expected to exceed 7 million in 2006 for the 4th consecutive year.
Mortgage Rates Are At Historical Lows--Mortgage interest rates have trended down during the last 6 months. As of Oct. 19, the average 30-year fixed mortage rate is 6.36%.
Selection is Excellent--With more available properties on the market, finding just the right home has never been easier.
Demand Will Continue--One million new households have formed each year, on average, since 2000. The number of U.S. households is expected to grow by 14.6 million during the next 10 years. Strong household growth together with rising income will likely translate into increased demand for housing.
Home Sale Prices Have Increased--Meidan existing U.S. home sale prices have increased on average 6.5% each year from 1972 through 2005.
