The National Association of Realtors® tracks activity in real estate across the United States. Here are a few of the national real estate numbers that are being tracked right now.
According to the National Association of Realtors® the number of projected home sales dipped 5.5 million. And the national median home price existing homes decreased to $232, 200. That’s down 0.9% from last month and up 4% from this same time last year. Finally, according to Freddie Mac the national average for a 30-year fixed rate mortgage is down from last month to 4.19%.
Interest rates continue to stay low which also may a positive incentive for First-Time Home Buyers to move from Renting to Buying a home.
Call me at 713-899-3210 to see if now is the right time for you to buy a home.
Visit my website at https://www.michellesealy.kw.com to get more market analysis for your specific area.