In the Middle of a Pandemic, the Real Estate Market is Healthy

Some astonishing facts about the current market:

Interest Rates, Lowest Ever


• Median home price in California is $700,000 (September), lowest interest rates have led to fastest sales growth in a decade;
  
•  Average U.S. homeowner with a mortgage saw their equity rise over $9800 this year.
• The number of homeowners in forebearance dropped to under 7%, according to the Mortgage Bankers Association (September)
• The So Cal six county region broke a median price of $600,000 in August
• September mortgage demand was up 25% from one year ago.
  

 To see how your opportunity exists, take a look at the sample $500,000 selling price for a house, where a 2.99% rate could be $325 dollars less every month than the next 4.27% rate next to it.  It saves monthly, and it may also help a buyer qualify better to get in a slightly higher priced home.

To find out more, please contact me.  I'll be happy to provide you with a home value report.

Julia Huntsman, REALTOR, Broker | www.juliahuntsman.com | 562-896-2609 | California Lic. #01188996