National Real Estate Update – August 2020
National Real Estate Update for August 2020 from National Association of Realtors shows projected number of home sales increased to $4.7 million. The August 2020 median price for existing home sales increased to $295K . This is up 4.1% from last month, and up 3.5% from this time last year.
Mortgage Rates – National Real Estate Update
According to Freddie MAC, the national average for a 30 year fixed rate mortgage is down from last month to 3.01%.
Mid-Summer in the Mountains
August brings full bloom of hydrangea bushes with wild blooms on mountainsides as well as lovely colors cultivated in gardens and parks. Visitors can’t go far without running into these gorgeous colored shrubs in shades from pale to deep pink as well as blue. While sightseeing, there are homes and land to explore while enjoying all that Highlands and Cashiers have to offer.
Please check out my book of reasons to love Western North Carolina to get more information about our beautiful cool summer mountains and start looking for your ideal home.
Please note the North Carolina Phase II Reopening Orders that extend into mid-September ….please see Current Phase II Reopening Orders for more information.
Published by Keller Williams Realty