Existing-Home Sales Report
Existing-home
prices were up across much of the country in February due to a lag in
inventory levels, according to a recent report by the National
Association of REALTORS (NAR). However, overall existing-home sales,
which include recently purchased single family, townhomes,
condominiums, and co-ops fell 0.4 percent during February to a seasona
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Low Rates Available
Freddie Mac
reports the national average commitment rate for a conventional,
30-year fixed-rate mortgage at 4.3 percent in February, down from 4.43
percent recorded in January 2014. Buyers were accessing rates of 3.53
percent in February 2013. First-time buyers were responsible for 28
percent of purchases in February, up from 26 percen
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The Best Selling Strategy
Sellers, you have
an excellent opportunity to sell your home this season, if you have
the right pricing strategy in place from the start! Studies show that
the longer a property stays on the market, the less the seller will net
upon the sale. It is very important to price your property at a
competitive market value at the signing of your listi
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