Record low rates:There is at least one bright spot amid the economic mayhem brought on by the novel coronavirus. Average mortgage interest rates have fallen to new record lows, a boon to both potential buyers and homeowners who may want to refinance. It adds up over the life of that 30-year loan. –realtor.com
Demand returns: Home-buying demand is making a speedy recovery, within 15% of pre-pandemic levels as of April 27 after plummeting as much as 34% in March. In the seven days ended April 24, almost 53,000 new homes hit the market. Still, there were fewer than 700,000 homes for sale, the lowest inventory level in five years. – Redfin
Author:Mary Smith Phone: 206-953-5090 Dated: May 9th 2020 Views: 42 About Mary: Hello, my name is Mary Smith with RE/MAX Realty South and I serve in King County. I was awarded Re...
View our latest blog posts in your RSS reader. Click here to access.
RE/MAX Realty South real estate brokerages employ full time, highly productive, experienced and educated brokers focused on serving their real estate clients and communities at the highest possible level to create the best possible result...even in these rapidly changing times and uncertain economy. We provide accurate, detailed information, data and advice so that our clients make informed decisions. We're committed to life long relationships founded in integrity and mutual respect. We're here to help...at all stages in all situations.