Overall July National Real Estate Update
National Real Estate Update for July 2020 from National Association of Realtors shows projected number of home sales dipped to $3.9 million. The July 2020 median price for existing home sales decreased to $284K . This is down 0.7% from last month, and up 2.7% 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 3.1%.
Summer in the Mountains
July brings rhododendron blooms showering the mountainsides. This makes driving a total pleasure with blooms everywhere. There are homes and land to explore while enjoying what 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 early August …. Current Phase II Reopening Orders
Published by Keller Williams Realty