Ten percent of the total 4.82 million existing homes sold in August this year were short sales, this according to the latest National Association of Realtors (NAR) report. According to NAR, short sales sold for an average discount of 13% in August 2012. The nationwide median price of existing homes including single-family homes, condominiums, townhomes …
The 30-year fixed-rate mortgage hit an all-time low, averaging 3.40% as of September 27, 2012, this according to the latest Freddie Mac’s Primary Mortgage Market Survey. The 30-year fixed-rate mortgage is the preferred choice of would be homebuyers.
The housing market in Florida last August was characterized by higher median price, more closed sales and more pending sales, this according to the latest report of Florida Realtors. Summer Greene, Florida Realtors President, said in a statement, “Florida’s housing marketing continues its momentum.”
The latest housing statistics of the Maryland Association of Realtors (MAR) show that home sales and home prices improved in August this year compared to the previous year. MAR reported that 5,230 home units were sold in Maryland last month, a 9.6% increase compared to the 4,772 units sold in August 2011.
It is more affordable to buy a home than rent in America’s 100 biggest metropolitan areas, this according to Trulia’s Summer 2012 Rent vs. Buy Report. According to the Trulia report, for the period of June 1, 2012 and August 31, 2012 nationwide, homeownership was 45% cheaper than renting.