Home Prices Continue to Soar!

Home prices continued their upward spiral even as mortgage rates climbed.  The S&P/Case-Shiller home price index was up in May 12.2% compared to a year ago.  This was the largest year-over-year jump in prices since March 2006.  Home prices have increased every month for the last 12 months.

The nation mortgage rate is currently 4.6% for a 30 year fixed mortgage.

If you are even thinking of buying or selling, I urge you to talk to a REALTOR who can give you the information you need to make an informed decision.  I suggest that first time home buyers start talking to a REALTOR a year before their planned purchase.

As  always, if I can help with any of your real estate needs, please feel free to call or email me today.



About Roland Low

Roland Low
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