S.A. Express News headline Rising home sales point to better year”. Housing market is flashing signs of health ahead of the spring-buying season. Sales of previously occupied homes are at their highest level since May 2010. More first-time home buyers are making purchases. The supply of homes fell last month to its highest point in nearly seven years nationwide.
By Tony Stevenson, SWBC: Avg rate for 30 yr fixed mortgage index rose slightly to 3.98%. Still at low levels, mortgage rates and local home prices seem to have leveled off, at least for the time being. What was once considered a low rate just a few years ago isn’t the same currently. I’m looking for better spring and summer activity as well.