by David King | May 31, 2018 | Housing Market Updates, Interest Rate
Mortgage interest rates have increased by more than half of a point since the beginning of the year. They are projected to increase by an additional half of a point by year’s end. Because of this increase in rates, some are guessing that home prices will depreciate....
by David King | May 30, 2018 | Buyer and Seller, Home Inspection
A new trend has begun to emerge. With home prices skyrocketing in the starter home category, many first-time homebuyers are skipping the traditional starter homes and moving right into their dream homes. What’s a Starter Home? According to the National Association of...
by David King | May 29, 2018 | Buyer and Seller
Here are five reasons listing your home for sale this summer makes sense. 1. Demand Is Strong The latest Buyer Traffic Report from the National Association of Realtors (NAR) shows that buyer demand remains very strong throughout the vast majority of the country. These...
by David King | May 28, 2018 | Memorial Day
![Drop in Inventory Fuels Sales Slowdown [INFOGRAPHIC]](https://www.remax-patriotrealty.com/wp-content/uploads/2019/10/Drop-in-Inventory-Fuels-Sales-Slowdown-INFOGRAPHIC-1046x675.jpg)
by David King | May 25, 2018 | Buyer and Seller, Home Price
Some Highlights: Existing Home Sales are now at an annual pace of 5.46 million. Inventory of existing homes for sale dropped to a 4-month supply, marking the 35th month in a row of declines. The median price of homes sold in April was $257,900. This is the 74th...
