National Real Estate Update – March 2018 from National Association of Realtors shows projected number of home sales dipped to $5.4 million. Median price for existing home sales decreased to $240,500 down 2.4% from last month and up 5.8 % from this time last year. According to Freddie MAC, the national average for a 30 year fixed rate mortgage is up from last month to 4.4%.
Mortgage rates have recently increased above 4% for first time in years. There couldn’t be a better time to begin your home search, just before selling season begins. As we move toward Spring, more buyers will be competing for homes. Come to Highlands or Cashiers, NC now to get your best choice! Give me a call today. I am ready to help you find your mountain dream home. You will so enjoy the cool summer breezes high above the lowland heat.