What’s The Market Doing?

Well, back to “What’s The Market Doing?” The average interest rate right now is at about 3.5%. The mortgage applications have actually risen for the third straight week and that is 7% compared to last week, so that’s interesting, huh?

Still, it’s 19% slower than last year at this time. So our inventory is increasing but slightly so prices are still trying to rise but it’s going to be a slow rise. They only grew 2.38%. So, if you are a seller, this is a great time to be selling just because the inventory is so low and we have absolutely qualified buyers on the market and they are buying. If you are priced right you will have multiple offers. Call me if you are thinking about selling your house.

Mary Ann edwards Re/Max College Park 562-544-0449

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