Being privy to current real estate statistics, I see some great deals happening. Now may be the time for your clients to find their next home or investment property. The pace of sales has been relatively stable since August. The National Association of Realtors reports that U.S. home and condo re-sales inched higher in May.   Re-sales of U.S. houses and condos rose 2% to a seasonally adjusted annualized rate of 4.99 million in May from 4.89 million in April. It's the highest sales pace since February. The median sales price in May was $208,600, down 6.3% from a year ago. It's important to note that many sales aren't counted in the realtors' survey because they do not go through the multiple listing service.   Regionally, sales rose 5.5% in the Midwest, 4.6% in the Northeast, 2% in the West, and fell 0.5% in the South. Lawrence Yun, NAR's chief economist says, "It'd be premature to say the improvement marks a turnaround".   I would love to give you more specific stats for your target area. I'm just an email or call away. Have a wonderful summer! During the recent stock market plunge, one of my clients reminded me that he always makes his money in real estate. Think about it. You live in this area, know the neighborhoods and have a trusted advisor watching the market for you. Investing in real estate just makes sense. But is now the time? Remember the principles of supply and demand: high demand drives prices up, and low demand drives prices down. When demand is high, if you want the property, then you will have to outbid every competitor. Might it be better to buy when demand is lower, prices go down, and competitors are fewer? Yes, mortgage rates are higher right now, but not so high that you should be deterred. Some buyers cannot qualify for loans right now. This may give you the opportunity to buy now while there are fewer competitors. Then you can refinance if rates drop. Maybe we should talk now to see if this is the very best time for you to make your move. Timing is everything and the time may just be now.
Jennifer Winchester Lending Consultant Home Mortgage Solutions Nationwide Lender Northern and Southern California office locations   W: 866.658.4879 M: 415.377.8360   Email   WANT TO GO GREEN INSIDE AND OUT OF YOUR HOME, BE NICE TO THE ENVIRONMENT, ask me about Melaleuca household products, organic foods, wellness vitamin program, products speak for themselves and you keep the environment and yourself healthy from toxins!! Plus get paid for referring customers to the products. Go Green!!!!
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