Mortgage rates have dropped again this passed month. On top of that, these low interest rates have brought stimulation into the developer’s new housing market. Now this is great news for home buyers! Low interest rates mean lower mortgage rates for home buyers, down approximately 1.25 percentage points from last year, according to CNBC; and stimulation in the developer’s market …
Is This the Fastest Real Estate Market Ever?
Is this the fastest real estate market ever? CNBC and Redfin think that it might be. At least since 2010 when they started tracking this statistic. Nationwide, home sales were up almost 9% in March year over year. However, at the same time the inventory of homes for sale is down 13%. This combination results in two things: First, prices …