Real Estate Headlines - 5 - Worthy of Attention...

By
Real Estate Agent with Downing-Frye Realty, Inc. Naples, FL
http://actvra.in/FXt

Real Estate Headlines - 5 - Worthy of Attention...

Home Prices Continue to Rise

source: rismedia.com

rismedia.com reported the S&P/Case-Shiller Home Price Indices as released by S&P Dow Jones Indices.

For renters, buying a home pays off after three years on average

source: latimes.com

latimes.com reported a "provocative data point" cited by Zillow. On average, nationwide the home purchase pays off after three years. This is clearly thinking we used to see all time in days gone by. Ultra low interest rates and low homes prices are the two key factors.

Mortgage Rate Climb After Months of Record Lows

source: dsnews.com

dsnews.com reported the announcement by Freddie Mac this past Thursday after more than three months of record-low drops. The GSE Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage to average 3.55 percent. This may even make the buy versus rent comparison pay off sooner than the just reported 3 years by Zillow.

U.S. Mortgage Rates Increase for the First Time in 7 Weeks

source: bloomberg.com

bloomberg.com also cites the announcement by Freddie Mac this past Thursday and the GSE Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage to average 3.55 percent. It goes on to cite BMO Capital senior economist Sal Guatieri stating "house prices have turned the corner..."

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Topic:
Real Estate Market Trends
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real estate headlines

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Rainmaker
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Bob Pisa Downing-Frye Realty

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Additional Information

Bob Pisa Downing-Frye Realty

Outstanding Performance Award: 2011
Top Performance Award 2012
Gulfshore Life Magazine Five-Star Award: 2010, 2011, 2012, 2013

Author Bio: Bob Pisa moved to the Naples area after spending 30 years in the Boston area. He was raised in the metro-NYC area and graduated from the Rochester Institute of Technology (Rochester, NY) in 1974. His career has been primarily in high-technology manufacturing and enterprise software for multi-national companies. Bob was also a successful small business entrepreneur and ultimately sold his start up business after six years of operation to a major corporation. He is the former Vice President for the Grandezza Master Homeowner's Association (two terms) and former President of the Santa Lucia Homeowner's Association (three terms.) Bob attained his real estate license in 2005, and is working in commercial and residential real estate. He is a member of Naples Area Board of Realtors®, NAR, and Florida REALTORS.