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Eric T. Mitchell Executive Vice President Gold Star Mortgage Phone: 888-696-1344 ext.729 License: NMLS 282876 emitchell@eric-mitchell.com www.Eric-Mitchell.com |
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May 2013
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Housing Humming Along Home Sales Maintain Strength The nation's housing sector continues to hum along quietly like a well-oiled machine. The last full week of April saw some major figures released involving sales of existing and new homes. Important Housing News The late April figures also showed that demand for new properties has not waned–New Home Sales climbed 1.5 percent within expectations to 416,000. On top of that, inflation remains tame and analysts say housing could provide a boost strong enough to improve the labor market. The Fed (who set the U.S. monetary policy by monitoring national employment, prices and interest rates) are certainly hoping for that! Housing Starts also spiked by 7 percent in March to come in at the highest rate since June 2008, up a whopping 47 percent since the same period last year. Important News from Abroad The Bottom Line The bottom line is that home loan rates remain near historic lows, meaning now is a great time to consider a home purchase or refinance. If you have any questions about your personal situation, contact the professional who supplied you with this month's issue of YOU Magazine! | ||||||||||||||||||||||||||||||
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