80 Tisdale Drive, Dover MA
If you are looking to sell your home, contact Ann Wood today!
By Ann Wood
By Ann Wood
According to an article by Realtor Magazine, the Federal Reserve has given plenty of signals that the low mortgage rates will soon come to an end. So is now the time to buy?
“Mortgage rates are already inching up, ever-so-slightly. From January to June, the 30-year fixed-rate mortgage climbed from 3.7 percent to 4.2 percent. Mortgage rates recently have been hovering around 4 percent.
In this latest era of super-low mortgage rates, what’s normal? A 6 percent interest rate is “normal,” says Jonathan Smoke, realtor.com®’s chief economist. He says mortgage rates likely won’t hit that point in the next two years, however.
“We will likely see less than a 100 basis point increase over the next two years, which would bring us to around 5.5 percent in 2017,” he says.
Source: “Just How High Might Mortgage Rates Go?” realtor.com® (Aug. 14, 2015)
By Ann Wood
Although the snow has just finished melting, the Spring market is going strong!
Let Ann help you find your dream home.
By Ann Wood
Happy first day of Fall!
If you are looking to sell your home during the Fall Market, contact Ann today.
By Ann Wood
An article on Realtor Magazine online reports that:
Reports of rising home prices are making selling more attractive to the largest share of home owners in eight years, according to a gauge from the University of Michigan and Thomson Reuters. Few of the home owners surveyed said they expected to lose money if they decided to sell their home now.
The findings could signal the beginnings of a major shift for the housing market, which has been haunted by the low number of homes for sale across the country.
Home price increases over the past two years may give more families confidence to sell their homes, alleviating low inventories and giving home buyers who were sitting on the sidelines because of fewer housing choice more incentive to make a move too, The Wall Street Journal reports.
Rising confidence among consumers could also translate into more sales in new homes. Last week, a report by the U.S. Census Bureau showed that new-home sales surged nearly 19 percent last month, reaching the highest rate since May 2008.
Two home-building giants reported a steady turnaround in new orders and price rises too in the second quarter. Lennar reported that new orders were up 8 percent, with average sales prices of its homes blooming 14 percent year over year. KB Homes, meanwhile, reported that orders increased 5 percent and its average selling price increased 10 percent in the past year.
If you are thinking about selling your home, contact Ann today!
Source: “More Would-be Home Sellers Say Prices Are Attractive,” The Wall Street Journal (June 27, 2014)
By Ann Wood
With so many buyers looking in with such low inventory, homes are selling faster than they can be put on the market. If you or someone you know is thinking about selling their home, contact Ann today!
By Ann Wood
With plenty of buyers on the hunt & a low inventory of homes, now is the time to SELL! If you are thinking about putting your home on the market, contact Ann today.