Now that we’re in the midst of a sunny summer—the liveliest season for buyers and sellers—we’ve also reached the halfway point of 2017. With that in mind, it’s time to find some shade, kick back, and consider all the opportunities that await in June.
Last month, mortgage interest rates dropped to their lowest level since November, a promising financial incentive for buyers on the house-hunt. In May, homebuyers leapt at the chance to lock in rates at historic lows, amounting to a 4.4% volume spike in applications. Meanwhile, sellers are still basking in the market’s red-hot demand, as the average sale reaches or exceeds asking price. All in all, investment in real estate is as wise as ever, with buyers eager to claim a home of their own, and sellers enjoying big returns.
While summer is a prime time to unwind, don’t let this market pass you by. Give us a call today to see where you stand when it comes to buying or selling in the year ahead. The summer selling season is the perfect time to launch your next chapter.