Mortgage Rates Remain Near Record Low for 6th Week
Interest rates are currently at a near 50 year low. They are lower than they have been since before 1980 and are projected to remain steady throughout 2020.
The 2020 home prices are expected to continue to appreciate 3% despite today’s current economic slowdown.
For single family homes
. There is 3 months of inventory for sale therefore right now is still a seller’s market with fewer homes coming to market and buyer competition increasing. (Normal market – 6 Months of Inventory)
Selling a home right now is challenging, however a smart decision.
Feel free to reach out with any questions as always!
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