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Terry Story’s Real Estate Survival Guide podcast includes her weekly round-up on NPR's "The Steve Pomeranz Show," WLRN and affiliates. The show provides expert advice in all aspects of the real estate transaction from listing to negotiations; to sales and purchase and everything in between.
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Tuesday May 22, 2018
Tuesday May 22, 2018
In spite of a small climb in housing inventory, pending home sales rose 3.1%. Inventory levels, however, are still low. So, we won’t be seeing a big change in prices until there are more homes to sell. If you’re thinking of selling, it’s still a good time.
Mortgage rates are also on the rise—increasing from 3.5% in 2015 to 4.25% today. It’s all relative though, as Steve reminds us that 4% interest rates are still low enough to make the cost attractive.
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