Monday Morning Real Estate Update 6/25/07
Good Monday Morning!
Congratulations to the Oregon State Beaver college baseball team!! Wow, two consecutive National Championships!!!
If you are considering selling your home this Summer, you will need to have patience. Yes, the inventory of homes for sale continues to climb as well as the average number of days it takes to sell a home. Average days on the market for a home to sell is now 82 days. If you are a home buyer this is good news as there are certainly more homes to look at right now. Mortgage interest rates have ticked upward, but are still well below the ten year average. Softer home prices will more than make up for the slight interest rate increases. Look for this favorable buyers market to extend through years end.
Have An Awesome Week!
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand