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Let’s see what 2015 has brought us so far

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Now that we’re more than half way through 2015, let’s take a quick look at the markets that often matter most to homeowners and home buyers.

Housing Market:

  • Sales of new and existing homes are breaking post-recession records as more first-time buyers enter the market.
  • In most areas, home prices are advancing at a healthy pace.

Mortgage Market:

  • For the year, rates have drifted higher following positive economic reports. However, recent global uncertainty is providing some relief.
  • Comments from the Federal Reserve Board also placed pressure on rates through the first half of the year.

All in all, opportunities still abound for owners, sellers and buyers.

  • Rates are still low, and for most buyers, homes can still be financed with very affordable payments.
  • Increasing sales volume and rising rates are creating more competition, so buyers, sellers and those looking to refinance may need to act quickly.

I hope you have found this summary helpful. If you know someone who would benefit from the information, please feel free to share it. If you want to explore any opportunities that may exist for you, please give us a call. We’ll be happy to help.

 

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