Thursday, December 8, 2011
Leading U. S. economists: Florida's.’s housing market bouncing back
ORLANDO, Fla. – Dec. 7, 2011 – Despite national and global headwinds, Florida’s real estate market is entering 2012 on an upward trend, according to three leading U.S. economists.
“Our state is in a mini-recovery,” said Florida Realtors® Chief Economist Dr. John Tuccillo at the state association’s 2012 Real Estate and Economic Forecast Conference in Orlando. “Sales are trending up, listing inventories are falling, the supply of lender-related properties has stabilized, and we are seeing multiple offers on homes in some local markets.”
In fact, Florida homes today may be undervalued, Tuccillo added. “That may seem like a drastic statement,” he said. “But a buyer who plans to own the home for five to seven years can get some great bargains today.”
Mark Vitner, senior economist at Wells Fargo in Charlotte, N.C., said the U.S. economy will continue to face significant challenges, particularly financial concerns related to the European debt crisis. But he expects the U.S. economic recovery will continue next year, making it easier for Midwesterners, for example, to buy Florida homes.
“Florida’s economy is recovering, with tourism and healthcare leading the way,” Vitner said. “International tourism has been particularly strong in Miami and Orlando.”
Looking around the state, Vitner said Jacksonville’s unemployment rate has dropped and home prices are stabilizing. In Orlando, prices have not yet reached bottom, he said, but the winter tourism season should help the regional economy. Tampa and Southwest Florida have seen solid job growth, with little new home construction.
South Florida’s economy is growing thanks to trade relationships with Latin America and the Caribbean, while in the Panhandle, Fort Walton Beach is outperforming Panama City and Pensacola, according to Vitner.
Dr. Lawrence Yun, chief economist for the National Association of Realtors®, said many Florida markets are showing sharp drops in inventories of homes for sale – a sign that demand is picking up and prices are stabilizing. “That’s a major change from just a year ago,” he said. “Buyers have stepped back into the Florida market.”
Noting the state’s powerful appeal to international buyers, Yun said he was particularly optimistic about the outlook for South Florida. “Don’t be surprised to see a gain in home prices in the Miami and Naples markets in the next 18 months,” he said. “From there, the recovery is likely to roll northward to Central Florida and then North Florida.”
Tuccillo noted that foreclosed and distressed properties will remain a significant part of the Florida market in 2012, but lenders are feeding these properties into the market at a gradual pace rather than pushing them out all at once.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty--877-660-4637
SEARCH ALL KEYS HOMES at www.RobSkeel.com
Tuesday, November 15, 2011
Keys 3Q Home Sales up 17%
The Florida Keys real estate market recorded 1,621 sales in the first nine months of 2011,making it the best year date sales since 2006!
The Upper Keys jumped 32% over one year ago. Prices have increased 3% on average over 2010.
Pending home in the Upper Keys hit 569 in the 3rd quarter 39% better than last year.
Last year distressed property sales were 23% of the market this year that ratio has dropped to 7%.
If your planning to buy in the Upper Keys, the numbers tell the story, its time to buy. With sales heating up , prices increasing and historic low interest rates I can help you find the right house and the right deal.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty
SEARCH ALL KEYS HOMES at www.RobSkeel.com
The Upper Keys jumped 32% over one year ago. Prices have increased 3% on average over 2010.
Pending home in the Upper Keys hit 569 in the 3rd quarter 39% better than last year.
Last year distressed property sales were 23% of the market this year that ratio has dropped to 7%.
If your planning to buy in the Upper Keys, the numbers tell the story, its time to buy. With sales heating up , prices increasing and historic low interest rates I can help you find the right house and the right deal.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty
SEARCH ALL KEYS HOMES at www.RobSkeel.com
Thursday, September 15, 2011
Mortgage loan limits may decline Oct. 1
WASHINGTON - Sept. 14, 2011 - Fannie Mae, Freddie Mac and Federal Housing Administration (FHA) loan limits shrink a bit starting on Oct. 1, though the Florida impact will be felt mainly in high-cost home areas.
The U.S. Department of housing and Urban Development has a searchable database for loan limits, both FHA and Fannie Mae/Freddie Mac, on its website. To see statewide numbers, select only "Florida" and "county" for a search. Change the dates under "Limit Year" to see either the current rates or the rates effective after Oct. 1.
https://entp.hud.gov/idapp/html/hicostlook.cfm
For the record the National Association of Realtors has protested this potential mortgage limit change.
The U.S. Department of housing and Urban Development has a searchable database for loan limits, both FHA and Fannie Mae/Freddie Mac, on its website. To see statewide numbers, select only "Florida" and "county" for a search. Change the dates under "Limit Year" to see either the current rates or the rates effective after Oct. 1.
https://entp.hud.gov/idapp/html/hicostlook.cfm
For the record the National Association of Realtors has protested this potential mortgage limit change.
Wednesday, September 7, 2011
LOW MORTGAGE RATES
The Florida Keys real estate market continues to improve. Inventory has reduced and prices have remained consistant for the past few months.
Cash sales are plentiful but if you are thinking of buying and need a mortgage, interest rates are at or near historic lows. The following article should be of interest to you.
You can check listings and get all kinds of information on my website www.robskeel.com
LOW MORTGAGE RATES
Recently reported data regarding U.S. jobs is having a negative
impact on global markets throughout the world. As stocks have suffered, the sluggish economy is keeping low mortgage rates in place as investors continue to choose safe assets.
Freerateupdate.com's daily survey of wholesale and direct lenders show that mortgage rates have remained stable for the past week as a result of uneasiness that continues to flood the markets. Current 30 year fixed mortgage rates are at 3.875%, 15 year fixed mortgage rates are at 3.250% and 5/1 adjustable mortgage rates are at 2.625%. On the bright side, the majority of consumers are employed and, with good credit, can take advantage of these historical low mortgage rates. With housing prices down, this can be a win-win situation for many and an opportunity that may never happen again. These low conforming rates are available with 0.7 to 1% origination point to well qualified borrowers who can meet lender guidelines to receive approval.
FHA mortgage rates also continue to be low. Many consumers choose FHA mortgage loans because they are consumer friendly since it is goal of FHA to promote homeownership. FHA 30 year fixed mortgage rates are at 3.750%, FHA 15 year fixed mortgage rates are at 3.500% and FHA 5/1 adjustable mortgage rates are at 2.750%. Despite FHA's higher closing costs (APR), which is due to the upfront mortgage insurance premium and other FHA fees, borrowers find FHA's benefits assist in making the overall transaction affordable. A down payment of 3.5% is accepted with a credit score as low as 580, but FHA mortgage rates are not affected by low credit scores. FHA also allows borrowers to use gifts that meet the guidelines, as well as housing grants to reduce FHA mortgage loans.
The only change this week was with jumbo 30 year fixed mortgage rates which are at 4.625%, a decrease of .125%. Jumbo 15 year fixed mortgage rates are at 4.375% and jumbo 5/1 adjustable mortgage rates are at 3.250%. Since jumbo mortgage loans are not government insured, borrowers must have excellent credit in order to receive lender approval. These are the lowest jumbo mortgage rates available with 0.7 to 1% origination fee to well qualified borrowers.
Rob Skeel e-Pro -- YOUR FLORIDA KEYS REAL ESTATE CONNECTION
Century 21 Schwartz Realty
Tuesday, August 16, 2011
First half 2011 Florida Keys Home Sales
KEYS HOME SALES
Florida Keys home sales are up 15% over prior year. The Upper Keys showed a 33% increase compared to the same period January through June 2010 vs 2011.
Pending home sales are up 38% in the Upper Keys
Distressed properties have declined from 25% of listings to about 13%.
The listing inventory has shrunk 11% over prior year and the ratio between listing price and selling price is down to 8.5% vs the 12 to 13% it has been at for the past 3 years.
MORTGAGE RATES
Buyers with strong credit scores and cash for a healthy down payment can currently find rates like the following:
30 year fixed 4.125%
5/1 ARM 2.636%
Jumbos from 5% to 6%
Getting prequalified is key to obtaining these great rates.
Note: Jumbo rates may go up on October 1st because the government is planning to stop funding these rates and turn it over to the private sector which many economists forecast will cause Jumbo rates to increase.
Recent Sale: 2/2 condo on top floor with unbelievable views in Futura Yacht Club sold as a Short Sale for $200,000.
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Schwartz Realty--877-660-4637
SEARCH ALL KEYS HOMES at www.RobSkeel.com
Thursday, June 9, 2011
UPPER FLORIDA KEYS REAL ESTATE STATISTICS 1ST Q 2011 compared to 1ST Q 2010
Even though the economy is sputtering along the Florida Keys real estate market is heating up.
Number of home sales 160 + 55%
Sales price to final list price 90.05%
Pending transactions 239 +35% ( all time high since 2nd Q 2004 )
Number of properties for sale 6% less
The market continues to improve with more sales, less inventory and very low mortgage interest rates.
If your seriously thinking of purchasing your Dream Home in the Florida Keys this is a great time to begin your search or take it to the next level.
As always, I am here to assist you, please send me an email or give me a call.
Rob Skeel
www.robskeel.com
YOUR FLORIDA KEYS REAL ESTATE CONNECTION
Wednesday, March 23, 2011
Buyers ready to snatch bargains this spring---Vacation home sales surge higher
The following articles may be of interest to any home buyer who is waiting and watching for a good time to buy that dream home in the Florida Keys
Buyers ready to snatch bargains this spring
WASHINGTON – March 23, 2011 – Bargain prices on housing combined with low interest rates below 5 percent may bring the real estate market its busiest spring season in years, economists say.
Distressed sales continue to put downward pressure on home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying season.
Some builders are ramping up discounts on new homes as well as boosting commissions to brokers to try to spark more transactions.
Sellers of existing-homes also are getting more competitive in pricing their homes.
“After three years of the housing downturn, people are becoming much more realistic in terms of valuing their homes,” says Lawrence Yun, chief economist at the National Association of Realtors®.
An improved job market with better income potential may also motivate more people to buy, says David Berson of the PMI Group. “Household formations are also very important,” Berson says. “Kids may have moved back in with their parents, or two people may have moved in together because of job concerns. Now they can move into their own place.”
While interest rates are sitting comfortably below 5 percent for now (30-year fixed rates averaged 4.76 percent last week), economists warn the attractive low rates won’t last long.
“Few think mortgage rates are going lower,” says Mark Zandi, Moody’s Analytics chief economist. “It’s more likely they will be 6 percent than 4 percent next spring. This lights a fire under buyers.”
Source: “Discounts expected in spring housing market,” The Wall Street Journal (March
Vacation home sales surge higher
MIAMI – March 23, 2011 – Vacation home and condominium sales in Florida, Hawaii and other states hit hard by the housing downturn have posted dramatic gains.
In Miami, existing condo sales surged 58 percent during the year-over-year period ended in February; and statewide, condo and single-family home sales climbed 29 percent and 13 percent, respectively, due to low property prices and mortgage rates.
About 50 percent of these sales were cash purchases, and about 70 percent involved foreclosures or short sales.
“We’re even seeing instances in certain neighborhoods with multiple offers above asking price,” says Miami Realtors Chairman Jack Levine.
This means home prices continue to decline, with the median in Miami down 23 percent for single-family homes and 25 percent for condos from February 2010. However, prices are beginning to pick up on the Miami waterfront, where distressed sales accounted for only a fraction of transactions
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Keysearch Realty--877-660-4637
Web Site-- www.RobSkeel.com
Buyers ready to snatch bargains this spring
WASHINGTON – March 23, 2011 – Bargain prices on housing combined with low interest rates below 5 percent may bring the real estate market its busiest spring season in years, economists say.
Distressed sales continue to put downward pressure on home prices, which may lure more buyers off the fence and ready to snag a deal during the typical prime-time buying season.
Some builders are ramping up discounts on new homes as well as boosting commissions to brokers to try to spark more transactions.
Sellers of existing-homes also are getting more competitive in pricing their homes.
“After three years of the housing downturn, people are becoming much more realistic in terms of valuing their homes,” says Lawrence Yun, chief economist at the National Association of Realtors®.
An improved job market with better income potential may also motivate more people to buy, says David Berson of the PMI Group. “Household formations are also very important,” Berson says. “Kids may have moved back in with their parents, or two people may have moved in together because of job concerns. Now they can move into their own place.”
While interest rates are sitting comfortably below 5 percent for now (30-year fixed rates averaged 4.76 percent last week), economists warn the attractive low rates won’t last long.
“Few think mortgage rates are going lower,” says Mark Zandi, Moody’s Analytics chief economist. “It’s more likely they will be 6 percent than 4 percent next spring. This lights a fire under buyers.”
Source: “Discounts expected in spring housing market,” The Wall Street Journal (March
Vacation home sales surge higher
MIAMI – March 23, 2011 – Vacation home and condominium sales in Florida, Hawaii and other states hit hard by the housing downturn have posted dramatic gains.
In Miami, existing condo sales surged 58 percent during the year-over-year period ended in February; and statewide, condo and single-family home sales climbed 29 percent and 13 percent, respectively, due to low property prices and mortgage rates.
About 50 percent of these sales were cash purchases, and about 70 percent involved foreclosures or short sales.
“We’re even seeing instances in certain neighborhoods with multiple offers above asking price,” says Miami Realtors Chairman Jack Levine.
This means home prices continue to decline, with the median in Miami down 23 percent for single-family homes and 25 percent for condos from February 2010. However, prices are beginning to pick up on the Miami waterfront, where distressed sales accounted for only a fraction of transactions
Rob Skeel , Realtor- e-Pro - Cell --305-393-6300 Email--rob@robskeel.com
Century 21 Keysearch Realty--877-660-4637
Web Site-- www.RobSkeel.com
Monday, February 21, 2011
Washington Report--The end of a mortgage era
Highlights of the "Obama" administration's white paper eliminates many of today's favorable mortgage conditions. So, if you plan to finance a home purchase it most likely will cost you more in the near future:
Higher insurance fees on FHA mortgages
A possible increase in minimum down payments for FHA-currently just 3.5%
Significant reductions in maximum loan amounts later this year for both FHA
and conventional loans eligible for purchase by Fannie or Freddie Mac unless Congress votes to retain the current statutory $729,750 limit for high-cost areas (Florida Keys) before it expires on Oct 1.
The report also calls for raising down payment requirements at Fannie Mae and Freddie to 10%
Retaining the controversial and costly add-on fees charged by Fannie & Freddie that can increase the expense of obtaining even a moderate sized mortgage by thousands of dollars.
The administrations wants to wind down Fannie and Freddie over the coming years but also reduce the size of FHA's role-cutting its market share from around 30 percent today to 10%.
Bottom Line:Get ready to pay more for mortgages no matter what ultimately happens to Fannie & Freddie.
Higher insurance fees on FHA mortgages
A possible increase in minimum down payments for FHA-currently just 3.5%
Significant reductions in maximum loan amounts later this year for both FHA
and conventional loans eligible for purchase by Fannie or Freddie Mac unless Congress votes to retain the current statutory $729,750 limit for high-cost areas (Florida Keys) before it expires on Oct 1.
The report also calls for raising down payment requirements at Fannie Mae and Freddie to 10%
Retaining the controversial and costly add-on fees charged by Fannie & Freddie that can increase the expense of obtaining even a moderate sized mortgage by thousands of dollars.
The administrations wants to wind down Fannie and Freddie over the coming years but also reduce the size of FHA's role-cutting its market share from around 30 percent today to 10%.
Bottom Line:Get ready to pay more for mortgages no matter what ultimately happens to Fannie & Freddie.
Friday, February 11, 2011
Real estate is 'as affordable as it gets'
NEW YORK - Feb. 10, 2011 - Now is a good time to buy real estate, according to data from Moody's Analytics. Home affordability has returned to pre-housing bubble levels or even fallen below the average in many U.S. markets.
In fact, housing affordability by the end of September had returned to or fallen below the average reached between 1989-2003 in 47 of the 74 housing markets that Moody Analytics tracked.
In September 2010, the ratio of home prices to annual household income had fallen to 1.6 - below the historical average of 1.9 between 1989 and 2003. The ratio peaked in 2005 at 2.3.
"Based on incomes, this is as affordable as it gets," says Mark Zandi, chief economist at Moody's Analytics. "If you can get a loan, these are pretty good times to buy."
Source: "Home affordability returns to pre-bubble levels," The Wall Street Journal Online (Feb. 8, 2011)
If you have question or need information about the Keys please contact me or go to my web site www.robskeel.com which contains all kind of great data about the Florida Keys.
In fact, housing affordability by the end of September had returned to or fallen below the average reached between 1989-2003 in 47 of the 74 housing markets that Moody Analytics tracked.
In September 2010, the ratio of home prices to annual household income had fallen to 1.6 - below the historical average of 1.9 between 1989 and 2003. The ratio peaked in 2005 at 2.3.
"Based on incomes, this is as affordable as it gets," says Mark Zandi, chief economist at Moody's Analytics. "If you can get a loan, these are pretty good times to buy."
Source: "Home affordability returns to pre-bubble levels," The Wall Street Journal Online (Feb. 8, 2011)
If you have question or need information about the Keys please contact me or go to my web site www.robskeel.com which contains all kind of great data about the Florida Keys.
Friday, January 21, 2011
Mortgage info and Florida Home sales results 2010
2011 mortgage trends: jumbo loans, cash buys
WASHINGTON - Jan. 17, 2011 - The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association. Refinancing has mostly dominated in recent months as homeowners looked to lock-in low interest rates, but experts predict refinancing to slow as new mortgage shoppers dominate.
Real estate analysts predict several other trends in the mortgage market for 2011:
· Rates on the rise. The Mortgage Bankers Association predicts mortgage rates to rise slightly in 2011 and hover around 5 percent. They expect rates to increase to about 6 percent in 2012.
· Jumbo loans become more attractive. Jumbo loans (loans over $417,000 in most housing markets and above $729,750 in high-cost housing markets) are expected to pick up pace in the next few months. Jumbo loans often have higher mortgage rates than conforming loans. However, with mortgage rates on jumbo loans dropping, experts predict a hike in refinancing and purchase applications for high-end housing.
· All-cash purchases. All-cash purchases represented about a quarter of all existing home purchases in the last four months of 2010, according to Lawrence Yun, chief economist of the National Association of Realtors®. He expects all-cash purchases to continue to represent a big part of the real estate landscape in 2011.
· Slow and complex mortgage loan process. The time between application and closing can take as much as 60 days and that's not expected to get any faster, experts say. Lenders often recommend borrowers lock in a loan 60, 75 or 90 days to help ensure the loan process will be completed within that lock-in period. The industry's new levels of documentation and verification are causing lengthy delays in the loan process, experts say.
Florida's existing home, condo sales up in Dec. and for 2010 December existing-home sales jump, says NAR
ORLANDO, Fla. - Jan. 20, 2011 - Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida Realtors®.
A total of 15,550 existing single-family homes sold statewide in December, up 4 percent from the 14,923 homes sold in December 2009.
Looking back on 2010, Florida's existing home sales rose 5 percent for the year, with a total of 170,848 homes sold compared to 162,873 homes sold in 2009. Statewide existing home sales activity in 2010 also was 37.5 percent higher than 2008 statewide sales, records show.
"It's encouraging to close out the year for Florida's housing market with increased sales activity," said 2011 Florida Realtors President Patricia "Pat" S. Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound. "The homebuyer tax credits helped to fuel home and condo sales during the first half of 2010, while favorable affordability conditions and historically low mortgage rates continued to bring buyers into the market in the waning months of the year.
"Looking to the future, 2011 is going to be a year of opportunity for buyers and sellers," Fitzgerald added. "Industry analysts report seeing steady economic improvements, including more jobs and stronger consumer confidence, which will have a positive, stabilizing impact on the housing market."
In Florida's condo market, a total of 72,050 units sold statewide in 2010, a gain of 29 percent compared to 55,900 units sold in 2009. Statewide existing condo sales activity in 2010 was up 90.6 percent over the 2008 sales level, records show.
The latest industry outlook from NAR offers positive predictions for 2011. "Continuing gains in home sales are encouraging, and the positive impact of steady job creation will more than trump some negative impact from a modest rise in mortgage interest rates, which remain historically favorable," said NAR Chief Economist Lawrence Yun. "All the indicator trends are pointing to a gradual housing recovery."
In December, the interest rate for a 30-year fixed-rate mortgage averaged 4.71 percent, down from the 4.93 percent average during the same month a year earlier, according to Freddie Mac.
I
Rob Skeel
Realtor Century 21 Keysearch Realty
e-Pro
305-393-6300
rob@robskeel.com
www.robskeel.com
WASHINGTON - Jan. 17, 2011 - The number of mortgage applications for home purchases is expected to become a bigger part of the mortgage market in 2011 as home prices stabilize, predicts the Mortgage Bankers Association. Refinancing has mostly dominated in recent months as homeowners looked to lock-in low interest rates, but experts predict refinancing to slow as new mortgage shoppers dominate.
Real estate analysts predict several other trends in the mortgage market for 2011:
· Rates on the rise. The Mortgage Bankers Association predicts mortgage rates to rise slightly in 2011 and hover around 5 percent. They expect rates to increase to about 6 percent in 2012.
· Jumbo loans become more attractive. Jumbo loans (loans over $417,000 in most housing markets and above $729,750 in high-cost housing markets) are expected to pick up pace in the next few months. Jumbo loans often have higher mortgage rates than conforming loans. However, with mortgage rates on jumbo loans dropping, experts predict a hike in refinancing and purchase applications for high-end housing.
· All-cash purchases. All-cash purchases represented about a quarter of all existing home purchases in the last four months of 2010, according to Lawrence Yun, chief economist of the National Association of Realtors®. He expects all-cash purchases to continue to represent a big part of the real estate landscape in 2011.
· Slow and complex mortgage loan process. The time between application and closing can take as much as 60 days and that's not expected to get any faster, experts say. Lenders often recommend borrowers lock in a loan 60, 75 or 90 days to help ensure the loan process will be completed within that lock-in period. The industry's new levels of documentation and verification are causing lengthy delays in the loan process, experts say.
Florida's existing home, condo sales up in Dec. and for 2010 December existing-home sales jump, says NAR
ORLANDO, Fla. - Jan. 20, 2011 - Sales of existing homes and condominiums in Florida rose in December, a positive trend also reported at the close of 2010 as statewide sales activity posted gains over the previous year, according to the latest housing data released by Florida Realtors®.
A total of 15,550 existing single-family homes sold statewide in December, up 4 percent from the 14,923 homes sold in December 2009.
Looking back on 2010, Florida's existing home sales rose 5 percent for the year, with a total of 170,848 homes sold compared to 162,873 homes sold in 2009. Statewide existing home sales activity in 2010 also was 37.5 percent higher than 2008 statewide sales, records show.
"It's encouraging to close out the year for Florida's housing market with increased sales activity," said 2011 Florida Realtors President Patricia "Pat" S. Fitzgerald, manager/broker-associate with Illustrated Properties in Hobe Sound. "The homebuyer tax credits helped to fuel home and condo sales during the first half of 2010, while favorable affordability conditions and historically low mortgage rates continued to bring buyers into the market in the waning months of the year.
"Looking to the future, 2011 is going to be a year of opportunity for buyers and sellers," Fitzgerald added. "Industry analysts report seeing steady economic improvements, including more jobs and stronger consumer confidence, which will have a positive, stabilizing impact on the housing market."
In Florida's condo market, a total of 72,050 units sold statewide in 2010, a gain of 29 percent compared to 55,900 units sold in 2009. Statewide existing condo sales activity in 2010 was up 90.6 percent over the 2008 sales level, records show.
The latest industry outlook from NAR offers positive predictions for 2011. "Continuing gains in home sales are encouraging, and the positive impact of steady job creation will more than trump some negative impact from a modest rise in mortgage interest rates, which remain historically favorable," said NAR Chief Economist Lawrence Yun. "All the indicator trends are pointing to a gradual housing recovery."
In December, the interest rate for a 30-year fixed-rate mortgage averaged 4.71 percent, down from the 4.93 percent average during the same month a year earlier, according to Freddie Mac.
I
Rob Skeel
Realtor Century 21 Keysearch Realty
e-Pro
305-393-6300
rob@robskeel.com
www.robskeel.com
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