Real Estate News

Real Estate News

THE ECONOMY

  • Although business spending is a bit tepid, the economy continues to show signs of improvement. Growth estimates for the third quarter are as high as 3.3%.

  • The Fed meets this week and on Wednesday will announce if there will be a policy rate increase. Most economists think the Fed will wait until December to hike.

  • If the Fed does make it clear that they plan to raise policy rates in December, markets will likely price that move in immediately, and mortgage rates may rise.

HOUSING NEWS

  • Case-Shiller reports that home prices rose 5.3% in August over July. Home price increases continue to be supported by low mortgage rates and tight inventory.

  • Pending home sales were up 1.5% in September, reversing an August decline. First-time buyers represented the highest share of closed sales in 4 years.

  • New home sales also rose in September, close to a 9-year high. Sales increased 29.8% from a year ago, and demand for new homes remains strong.


Michelle Pierce Headshot
Author:
Phone: 561-789-3072
Dated: November 1st 2016
Views: 142
About Michelle: ...

Property Search








RSS Feed

View our latest blog posts in your RSS reader. Click here to access. RSS

Search Blog

Recent Blogs

New Listing 7712 Park Lane Road Lake Worth FL 33449 - New Listing!!!!This beautiful
Sep 23 2018 58263 2 - Home Flips Plunge as
Sep 23 2018 58263 1 - Sellers who inherited a house have
Sep 23 2018 51565 1 - OPEN HOUSE TODAY 1-3PM 8186

Saved Properties

This is a list of your favorite properties. We will email you if a property is reduced or leaves the market.

Click 'Save' to add a property to this list.

Register / Login

New & returning visitors please enter your information to login.

By clicking 'register' you are agreeing to our terms of use & giving us expressed written consent to contact you.

Questions? Comments? Complaints?

This message will go directly to the head of our team.

Location & Address

Exit Realty Premier Elite
8961 Hypoluxo Road
Lake Worth, FL
561-701-8124


Other Locations