Home Sales are up Nationally as Home Prices Decline!
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Good Monday Morning! National home sales were up again for October 2014 as the average price of homes dropped. The intersting part of this is that mortgage interest rates are down again and now holding below 4% for 30 year fixed loans. I would guess that the historic low interest rates continue to buoy the market up and that first time home buyers remain the largest portion of new home sales. This is good news, but it also indicates that our current strong housing market continues to rely on low interest rates and not necessarily a strong economic situation. The fact that we are not seeing inflation with home prices is good. This kind of situation will certainly help keep home sales strong as long as we do not see a large change in mortgage interest rates. Have An Awesome Week! THIS WEEKS HOT HOME LISTING! |
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Video Link: http://eugeneoregonhomesforsale.com/video/This-Month-in-Real-Estate-November-2014 |
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33970 VAN DUYN RD
Live where the eagles fly. Gorgeous valley and coast range views from a serene lofted location in the exclusive Country View Estates gated community. An elegant, top quality home offering spacious rooms, built-ins, and beautiful views, including spe...
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