August Market Update and MLS Data
There was significant increase in the number of transactions in July. We expected the increase but I don't think anyone expected the recent battle in Washington and it remains to be seen if the political environment will have a negative impact on the market during the second half of the year.
1. Cumulative MLS Statistics
30-year fixed-rate mortgage (FRM) averaged 5.05 percent with an average 0.7 point for the week ending February 10, 2011, up from last week when it averaged 4.81 percent. Last year at this time, the 30-year FRM averaged 4.97 percent. Interest rates on a 30-year fixed-rate mortgage rose to the highest level since the last week in April 2010.
15-year FRM this week averaged 4.29 percent with an average 0.7 point, up from last week when it averaged 4.08 percent. A year ago at this time, the 15-year FRM averaged 4.34 percent.
Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®). The survey results showed lower mortgage rates for both long- and short-term rates.
30-year fixed-rate mortgage (FRM) averaged 4.77 percent with an average 0.8 point for the week ending January 6, 2011, down from last week when it averaged 4.86 percent. Last year at this time, the 30-year FRM averaged 5.09 percent.
This is the third month that I've provided all the MLS statistics. The links below open as PDF files and include several reports that I use to monitor the market. If you would like to discuss the data in more detail or have questions, please don't hesitate to call. If your thinking about how to www.TakeAdvantgeoftheMarket.com click on the link. This strategy includes a low cost listing option that will save you $$$$$$. Call for more details.
The links below open as PDF files and include multiple reports that I use to stay up to date on local market conditions. If you would like to discuss any of the reports in more detail or have questions, please don't hesitate to call. If your thinking about how you can take advantage of the market by selling and moving up, I have a strategy that includes a low cost listing option that will save you the listing fee. Call me if you would like to learn more.
The tax credit is over and it appears that demand has slipped back to a little below 2009 numbers. Click on the links below to review the August MLS statistics and Click on this Link to review my e-Newsletter for all the details at The Buyer's Broker of Greenville.
Inventory is above 7600 again and the number of transactions dropped to 489 during the month of July. The "Cumulative MLS Statistics" below open as a .pdf file and provide a very clear snapshot of current market compared with previous years. Click on the image to the right and review our August e-zine on the local market conditions and click on the links below to review July's MLS statistics. Cumulative MLS Statistics
July MLS Statistics
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