Despite persistently low mortgage rates, home sales have hit a wall. While homebuyer appetite remains robust, the scarce inventory has effectively put a limit on how much higher sales can increase. Unfortunately, the record low supply combined with strong demand means home prices are rapidly escalating and eroding the benefits of the low mortgage rate environment.
It’s a great time to leverage your buying power to purchase a new home. Not moving anytime soon? Check your current loan rate as it may be a great time to refinance.
Do you have other real estate questions? Contact me at your earliest convenience. I’d be glad to assist you or someone you know!
Sal Soriano, REALTOR
972.281.7500
Porch Decorating Ideas for Thanksgiving to New Year’s
