National Real Estate Update for May 2018 from National Association of Realtors shows projected number of projected home sales rose to $5.6 million. Median price for existing home sales increased to $250,400, up 3.9% 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 4.47%.
National Real Estate Update May 2018 – Mortgage Rates
Mortgage rates are now approaching 4.5%. Even so, there is no better time to begin your mountain home search. Summer visitors are arriving, summer home sales beginning. Domestic rhododendrons and mountain laurel are just in bloom and they look lovely. If you’re thinking about a trip to Highlands or Cashiers, NC, you are right on time to enjoy the cool summer mountain air! Give me a call today. I am ready to help you find your high elevation dream home.