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Is it too late to buy or sell a home in 2016?

Data is provided with rights for use by Estate of Mind, Inc.

Data is provided with rights for use by Estate of Mind, Inc.

The bottom line is this: The best time to buy or sell a home is when it’s best for your scenario. Please don’t think your opportunity has passed for 2016. Low interest rates make now a great time to be in the market as a buyer or seller because low costs to finance make higher price points more affordable.

When you or someone you care about is ready to make a move, we’ll be here and ready to help. Contact us here.

Markets in a Minute | May 20, 2016

For the Week Ending May 20, 2016
 

Please enjoy this quick update on what happened this week in the housing and financial markets.

Key economic indicators increased more than expected in April, reflecting strength in housing and manufacturing. A strong economy supports a rise in rates.
The prices that businesses receive for their goods and services rose last month, a tentative sign of firming inflation. Inflation is also a precursor to higher rates.
The latest Fed commentary surprised markets and signaled the possibility of a policy rate hike as early as June. Rates may rise in anticipation of the move.

Home builders remain positive about conditions in the single-family housing market, expecting continued growth supported by strong jobs and low rates.
Housing starts rose more than expected in April, supporting views of a ramped up economy. Construction of both single-family and multi-family homes increased.
Building permits rose 3.6% in April signaling that housing starts could continue to rise. Demand remains strong for new inventory as more buyers enter the market.

A young executive is leaving the office late one evening, when he finds the CEO standing in front of a shredder with a piece of paper in his hand.

“Listen,” said the CEO, “this is a very sensitive and important document here, and my secretary has gone for the night. Can you make this thing work for me?”

“Certainly,” the young executive says. He turns the machine on, inserts the paper, and presses the start button.

“Excellent, excellent!” says the CEO as his paper disappears inside the machine. “I just need one copy.”

 

Rate movements and volatility are based on published, aggregate national averages and measured from the previous to the most recent midweek daily reporting period. These rate trends can differ from our own and are subject to change at any time