A Strengthening Market
The National Association of Realtors report that resales (not new construction) rose 2.3 percent from June 2012 to July 2012. This is 10.2 percent increase from the same time period last year.
Low interest rates and rising rents have helped contribute to the rise in resales.
However, with the lender
s more stringent guidelines and low inventory in the mid to low price range, it is easy for potential buyers to become frustrated. The best thing for potential buyers would be arm themselves with the latest market information. Call a local Realtor (ME!) to find the trends in your area. Have your down payment ready and a lender letter in hand. This will go a long way when you find the right property.
s more stringent guidelines and low inventory in the mid to low price range, it is easy for potential buyers to become frustrated. The best thing for potential buyers would be arm themselves with the latest market information. Call a local Realtor (ME!) to find the trends in your area. Have your down payment ready and a lender letter in hand. This will go a long way when you find the right property.
Call, text or email me for answers to your real estate questions. 571.209.8133
Tiffany Jacobs
Advantage+ Real Estate Team
RE/MAX Olympic
9214 Center Street #100, Manassas, VA, 20110
Direct:
