What Are You Waiting For?

What Are You Waiting For?

The Home Price Expectation Survey polls a distinguished panel of over 100 economists, investment strategists, and housing market analysts. Their most recent report projects appreciation in home values over the next five years to be between 11.8% (most pessimistic) and 26.7% (most optimistic). The bottom in home prices has come and gone. Home values will continue to appreciate for years.

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have started to inch up, most experts predict that they will begin to rise even more over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison projecting that rates will be up approximately three quarters of a percentage point over the next 12 months. An increase in rates will impact YOUR monthly mortgage payment.

San Antonio’s May’s average sales price was $246,772, a 10 percent increase from last May and a figure that has remained above $200,000 since February 2014. Meanwhile, the median sales price climbed above $200,000 for the first time with a price of $202,500.

Waiting no longer makes sense if you are considering to sell and or buy a new house.

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About papesellssatx

*Assisting people achieve their dream of owning or selling a home with professionalism and excellent customer service *ABR, MRP, PMN, CNAS, TRLP Graduate *Licensed Texas REALTOR® #0207820 *Active member of the Women's Council of REALTORS®, Texas Association of REALTORS®, National Association of REALTORS®, San Antonio Board of REALTORS® and a TREPAC Contributor. *Love REFERRALS and love to REFER... *WHO IN YOUR CIRCLE OF FRIENDS IS THE MOST LIKELY TO MAKE A MOVE NEXT? *Whether you are moving to, from or within San Antonio, surrounding areas or anywhere in the United States, I am here to assist you. www.trudypape.com Coldwell Banker, D'Ann Harper, REALTORS® 7523 North Loop 1604 West San Antonio, TX, 78249 Texas Licensed REALTOR® #0207820 Texas law requires all real estate licensees to give the following information about brokerage services to prospective buyers, tenants, sellers and landlords. http://www.trec.state.tx.us/pdf/contracts/op-k.pdf
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