This Month in Real Estate: March 2014
Home prices are down 4.5% from last month, but are still 11% higher than they were from the same month last year.
The average national rate for a 30-year fixed mortgage is at 4.33%.
Inventory is now at the lowest since 2005, so we’re experiencing a seller’s market. This means that if you’re a buyer, you need to get pre-qualified from a mortgage company before looking at homes, and if you’re a seller, you need to be listed at the right price.
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