Compared to last year, the month of October saw a 17.8% rise in home sales. This means that more people are buying homes and taking advantage of the low interest rates!
Also, the Median Home Price has gone up, meaning that you could potentially sell your home for a higher amount than you could in previous months.
If you are looking to buy a home, the overall inventory of available houses is declining so it may be harder to find the perfect home for your family. However, if you do find a suitable candidate, the low interest rates are in your favor!
If you find that these statistics are pleasing to your pocketbook, don't hesitate! We'd love to help you start the loan application right away.
Keep in mind that Quest Loans specializes in HARP and FHA loans, as well as refinancing! Give us a call today! 888-883-5252
