Wednesday

Trending in the Real Estate Market!

Home sales are on the rise again up 5% from last month and traditional sales are up 70% over foreclosures. The median price home is averaging at $155K and have only sat on the market for about 67 days. Interest rates have slightly increased to about 4.64%, however, there are a variety of loan options out there for everyone. The buyers competition is still heating up, but Nationwide the listings jumped up 4.3%, the highest monthly increase all year!

With the government shutdown now in its second week, Freddie Mac has issued guidelines to the lenders for approving home loans and modifications to keep the housing market from being interrupted. Freddie Mac is allowing lenders to approve mortgages for Federal employees, assuming they meet other loan requirements and plan to return to work once the government reopens.

The Market once again each month is improving and I look forward to assisting you every step of the way!

Kris Julian, Realtor® | Realty Executives Seminole | 3899 W. Lake Mary Blvd. Suite 123 | Lake Mary, FL 32746 | 407-421-6187 | http://www.kris-julian.com | krisjulian@att.com