Existing Home Sales were up .7% in December with a record low inventory from November. That’s a 1.9 month supply which is also a record low. Homes were only on the market for 21 days on average!
The Median home price was $309,800, up 12.9%. Although sales on the low end were down 15%, homes above $1M were up 90% which dragged the median home price higher.
First Time Home Buyers dropped slightly from 32% to 31% even with the stiff competition for homes on the lower end. Cash buyers decreased from 20% to 19% but still remains at a high level and so the only way to beat a cash buyer is to offer more.
Did you know you don’t need 20% down to buy a home? Allot has changed in mortgage lending these days so don’t go it alone. Give us a call and we can inform you of many options that you may not be aware of.
Looking for Low Rates? You Found Them! Close in as Little as 23 Days!
15 Year Fixed
2.25% APR 2.46%
30 Year Fixed
2.75% APR 2.87%
Restrictions Apply Learn more
Mortgage rates can move lower and you need to be ready.
Equally important is what many of our happy clients are saying about us!
- North Atlantic Testimonials Page.
- North Atlantic Zillow Reviews Page.
Contact us at 877-794-5363 (Lend) or Click here for a Quote
John Sauro
Phone: 1-877-794-5363
Direct Line 914-764 3261
Email: johnsauro@gmail.com
www.northatlanticmortgage.com
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