The October 2017 national real estate market report from National Association of Realtors shows a projected number of home sales dipped to 5.3 million. National median price for existing home sales decreased to to $253.5 K, down 1.8% from last month and up 5.6% from this time last year. According to Freddie MAC, the national average for a 30 year fixed rate mortgage is down from last month to 3.83%.
Mortgage rates remain under 4% as the Fall season begins. This is a good time to purchase your home in the mountains as beautifully colored leaves are falling and property visibility is great. For more information please contact me…any questions very welcome.
…This Month in Real Estate – October 2017 is published by Keller Williams Realty