The housing market is bouncing back, with multiple offers on homes and record low mortgage rates. Homes sales increased by 20.7% in July (on a month-to-month basis), the highest monthly increase since 1968! 30-year Fixed Loans remain at an all-time low at 3.125% and many lenders are relaxing guidelines for Jumbo Loans.
Read MoreAt the beginning of July, home buying activity rose to the highest level since 2012 thanks in large part to historically low mortgage rates that have fallen as low as 3.125%. For the luxury market, demand for homes above $1.25 million also increased by 16%. However, inventory continues to remain at an all-time low and this limited supply keeps prices high as buyers compete to get a deal.
Read MoreMaybe you haven’t started looking yet, or you found a home you love but COVID is postponing the move. Either way, you can use this time of waiting to create a plan or wish list for what you want to find or the changes you want to make.
Read MoreSchool's Out! Hope everyone is enjoying the start of Summer.
With city restrictions easing up, market activity has definitely picked up. Homes priced below $1M continue to receive multiple offers, and "days on market" has decreased with demand shooting up.
Rarely Available Spacious Single Level Condo located behind the gates of Arborlake in the highly desired community of Woodbridge! PRIME LOWER END UNIT steps away from NorthLake and the Beach and Tennis Club. As you enter the formal foyer, you will be greeted by the spectacular OPEN FLOORPLAN with walls of windows on every side bringing in lots of NATURAL LIGHT.
Read MoreHope everyone had a lovely Mother's Day! So what's happening in the real estate market? The real estate industry has adapted to selling homes in this new COVID-19 environment. Buyers are becoming more accustomed to 3D virtual tours and viewing properties with protective face masks while respecting proper social distancing protocol.
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