Last week, interest rates rise before the Thanksgiving holiday. Freddie Mac has stated that the average interest rate rose from 4.22% to 4.29% for a 30-year fixed loan rate. Rates for a 15-year loan rates rose from 3.27% to 3.33%.
According to the Standard & Poor’s/Case-Shiller index released last Tuesday, showed home prices increase in 20 major cities by 13.3% from September 2012. For example, a home on the market last year was listed at $350,000 will have list price of $396,550 in the current market.
How is the increase of mortgage rates effect the real estate market? One factor is the home sales prices are declining which is stabilizing the multiple offer situation we saw earlier this year. The seasonal trend for the fall and winter is normal to be low.
The National Association of Realtors reported a pending sale decrease for the fifth consecutive month.
It will be interesting to see how the market will shift in January 2014 and in the peak season of Spring 2014.
Are you a lover of the clean-minimal feel and look? I know I have a weakness for this clean design! Here is a great article that can help you make your White decor stand out from the rest.
How to Wow with White Decor?
Don’t shy away from white in your interiors – 10 ways to bring into your home!
The last time you saw an all-white room did you feel comfortable or did you feel timid and afraid to relax? White is one of those colors that many homeowners shy away from, as they are nervous about making an all-white room feel comfortable and welcoming. White can be the most refreshing color of the spectrum. It can evoke purity, cleanliness, but also confidence and sophistication. Before you decide that your home could never “do white” look at these 10 quick tips to get a wow factor when decorating with all-white color. You may be surprised how easily comfortable white can be in your interiors.
Sherman Oaks, California
2 Bedrooms | 2 Baths | 949 sqft
JUST SOLD! Closed in 27 days!
Move in ready condo with recent renovations. Walking distance to beautiful Park and downtown Sherman Oaks! Successfully Represented Buyer.
Looking to Buy or Sell? Contact Yvette Betancourt, Realtor today!