Top-Producing Fairfield County Realtor Specializing in Westport Homes
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Category » Real Estate Market

Happy Holidays!

Happy Holidays to all!

It looks like there┬ámay be┬áreasons to be happy in the new year if you’re in the market to sell and/or buy a home. Two things:

1. Existing home sales in November were +4.4% vs. October and +12.2% vs. November 2010. While prices were down nationwide, they appear to be stablizing locally.

2. Mortgage rates continue to be at historic lows. a 30 year fixed rate mortgage ended last week at 3.94%. An all time record. A 15 year fixed rate mortgage ended at 3.21%. The lowest since Freddie Mac began keeping records. This won’t last forever and potential buyers should consider taking advantage of these rates while they’re here!

Couple these with the apparently improving emploment picture and we could see an accelerating RE market in Q1/Q2 of 2012.

Ho! Ho! Ho! and a very safe and happy New Year to all!

 

 

 

 

 


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© 2011 Cathy Blount The Riverside Realty Group, 1254 Post Road East, Westport, CT 06880203-858-8710cathy@cbwestporthomes.com
Licensed Realtor in the state of CTLast updated November 1, 2011
Riverside Realty