Home sales may outperform 2013 this fall and winter.
Chicago, IL (PRWEB) September 25, 2014
Today, DQnews.com reported that home sales fell -1.6% while median home prices rose 0.2%. Sales fell for the second consecutive week to 255,709. National median home prices rose to $234,450 which is 3.3% higher than this time last year, and 26.7% higher than 3 years ago.
Interestingly, The National Home Sales Snapshot of September 18th showed that 2014 home sales were -3.3% below that of 2013. Now, despite the decline in home sales for September 25th, the gap has narrowed to just -2.5% vs. 2013. This means the rate of declining home sales was slower during this period than that of 2013 which is a good thing. Peoples Home Equity thinks 2014 home sales may outperform 2013 this fall and winter. U.S. real estate has a great imbalance of tight housing inventory and high demand. More Americans are becoming eligible for a home loan thanks to newly found employment. Lenders like Peoples Home Equity are helping these Americans get pre-approved for home loans to purchase homes and save money versus paying rent.
If one is unsure of whether they may apply for a home loan or not, visit PeoplesHomeEquity.com and use their online mortgage calculators. “Monthly Payment Calculator”, “Should I Pay Points” and “How Much Will I Save By Refinancing” are just a few of the useful tools Peoples Home Equity offers. Users will certainly have a better understanding of their finances relating to real estate again after playing around with the online tools.
If one prefers to speak to a person instead, contact a Peoples Home Equity loan officer today at: 262-563-4026