Housing Industry and Great News

Great news from the housing industry and new numbers are out. So if you are looking to buy a home now is the time. In housing news, the Federal Housing Finance Agency (FHFA) reported this morning that home price rose by 0.6% in November from October while jumping 5.6% in the year ended in November. The numbers are based on data received from Fannie Mae or Freddie Mac mortgages. However, prices are 15.2% lower than the 2007 peak. There are a lot of different numbers that gauge housing prices – but no matter which one you look at - they are all showing nice increases. Here’s something you may wish to share with your prospective home buyers – if 30-year Mortgages are 3.5% and housing prices are gaining north of 5.5% - a borrower is getting paid 2% to buy a home. Something to think about….. Log on here to look for all the homes for sale in Pensacola and surrounding area. Or Call me directly Diane Harmon The Harmon Murphy Group Keller Williams Realty Gulf Coast 850-232-5854