San Diego, CA (PRWEB) October 09, 2013
PropertyRecord.com has completed their third-quarter review of the real estate market and expects prices to continue to rise in the fourth quarter, the company said yesterday.
“At the end of every quarter, we review our database records and the market as a whole,” a PropertyRecord.com spokesman said. “We do this so that our customers can make the best decision possible about whether or not to buy a home.”
The review looks at trends in the home valuation data in their database, government information about home sales, mortgage rates and other factors that contribute to the housing market, the PropertyRecord.com spokesman said.
“Overall, the trend is positive and we see prices going up,” he said. “This is a very favorable review of the housing market, particularly for people who are looking at a home for investment reasons. Prices are going to continue to rise, and the risk of ending up with an underwater investment are low.”
PropertyRecord.com said that gradually increasing employment numbers combined with low mortgage rates are fueling the recovery of the housing market.
“With a current 4.5 percent average interest rate on a 30-year mortgage it often makes more financial sense for people to buy rather than rent,” he said. “This increased interest in the real estate market naturally pushes prices in an upward direction.”
Customer service website PropertyRecord.com was created to serve the needs of public records clients across North America. With thousands of requests processed each day, PropertyRecord.com continues to grow as a reputable customer service resource. Visit PropertyRecord.com to chat with a live representative, call 1-855-482-6221, or email manager(at)PropertyRecord(dot)com with any questions or concerns.