mortgage rates impact on home prices

Mortgage Rates Impact on 2017 Home Values

shannonjones Featured Articles , Real Estate Leave a Comment

There is no doubt that historically low mortgage interest rates were a major impetus to housing recovery over the last several years. However, many industry experts are showing concern about the possible effect that the rising rates will have moving forward. The Mortgage Bankers Association, Fannie Mae, Freddie Mac and the National Association of Realtors are all projecting that mortgage interest rates will move upward in 2017. Increasing interest rates will definitely impact purchasers and may stifle demand. In a recent study of industry experts, “rising mortgage interest rates, and their impact on mortgage affordability” was named by 56% as …

90815 market update

90815 Market Update

Shannon Real Estate , Real Estate Market Update Leave a Comment

90815 Market Update: Real Estate Statistics and Information for the 90815 Areas of Long Beach, CA Including the Neighborhoods of Los Altos, Park Estates, La Marina Estates, and other 90815 Areas of Long Beach Home prices in 90815 have been rising fairly consistently since 2013. In January 2016, the median price reached $650,000 – the highest it has been in several years and 11.9% higher than in January 2015. The number of active listings in 90815 has consistently experienced significant surges in the summer months over the past three years and is currently lower than it’s been for several years. …