Keeping up with the trends in real estate is as exhausting as keeping up with the trends in fashion! They seem to always be changing and manage to keep industry experts on their toes. Fall changes are unique, as they can have a huge influence on the year to come. Here are a few real estate trends we’ve seen this season, and how they might impact homebuyers.
Mortgage rates will level out: As you may know, mortgage rates have seen a distinct decline in the past few weeks. This fall, the U.S. average rate for a 30-year fixed-rate mortgage is expected to level out around 4.5 percent – perfect for buyers waiting for the right moment to jump into the market!
Living for convenience: More and more people are choosing to live convenient lifestyles in neighborhoods where walkability is encouraged. Villages of Urbana is one of the more walkable communities in the area and provides residents with some of the best neighborhood features in Frederick. The provided hiking and biking trails, tennis courts, pools, and community centers give residents reason to get outside and enjoy the fall weather!
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There’s a seasonal shift: We can expect all types of variations month-to-month, but what is important to focus on are the year-to-year changes. Sales, prices, inventory, and general outlook are better measured, and yield better results, when compared to their numbers a year ago. The Frederick region shows a three percent increase in both median sales price and the number of sales since this time last year!
Rising home prices take a break: One of the greatest housing trends during the fall season are the cooling home prices. This allows homebuyers to buy a home at a lower price than what they would’ve been able to just a few weeks ago. If there were ever a reason to buy a home in this market, this is it! In Villages of Urbana, home prices are always reasonable, and buyers can get the best home possible for their money.
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It’s a buyers market: This is truly an awesome time for homebuyers. The conditions could not be better – stable mortgage rates & lower home prices provide home shoppers with the ideal selection of homes. In Villages of Urbana, not only are the homes beautifully built, but diverse as well. Our various builders and array of houses mean that anyone can find a home they love here. And with how well the housing market is doing, there’s no reason not to!
For more information on the Villages of Urbana, visit www.villagesofurbana.com.
Source: Trulia.com
