New Home Sales Hit 16-Year High

by | Oct 15, 2020 | Uncategorized

The National Association Home Builders reported new single-family home sales hit a seasonally adjusted rate of 1.01 million, an increase of 4.8% over the July 965,000 number. This is the strongest adjusted annual rate since September of 2006. New home sales based upon...

Existing Home Sales Continue Upward Trajectory

by | Oct 14, 2020 | Uncategorized

August’s existing home sales continued its upward trend. This momentum was reported for all four regions, Northeast, Midwest, South and West. Sales increased year-over-year by 10.5% from 2019, on target to hit 6 million transactions, up from 5.43 million...

Mortgage Rates Continue Their Slide

by | Oct 13, 2020 | Uncategorized

Nationally Freddie Mac reported that mortgage rates have stayed below 3% for 11 consecutive weeks. This has clearly had an impact on the robust housing market. The average US mortgage for a 30-year fixed loan fell one basis point to 2.87% this past week. The fixed...

Happy Columbus Day

by | Oct 12, 2020 | Uncategorized

Wishing All of our Friends, Clients and Associates a Great Columbus Day! We look forward to a record finish for the fourth quarter of 2020! HOLIDAY OFFICE HOURS The Office is Closed Monday, October 12th. We will reopen: Tuesday, October 13th, 8:30...