The August 2017 real estate market update national report from National Association of Realtors shows a projected number of home sales dipped to 5.5 million.
National median price for existing homes sales rose 4.5% from last month to $263,800. This is an increase of6.5% from same time last year.
According to Freddie MAC, the national average for a 30 year fixed mortgage rate is up slightlyfrom last month to 3.96%
With mortgage rates still under 4% and end of summer season upon us, this is a good time to purchase your home in the mountains. For more information please contact me…I’m happy to answer any question.
…This Month in Real Estate – August is published by Keller Williams Realty