Mulleady, Inc. REALTORS is Now Shorewest!
30yr Mortgage Rate Averages
This graph from Freddie Mac shows the results of mortgage rates over the last 30 years. With news that the interest rates will be increasing this year, it is anticipated that rates will still not go as high as 2018s rates.
Read MoreHow Does List Price Effect Days on Market?
As we near the end of 2021, we look back at some key indicators on sold properties. These indicators will help us determine strategy and pricing in 2022. One of the key indicators is the correlation between the Days on Market (DOM) with the average List Price Sold. As noted in the chart below for…
Read MoreWhat Effect Does Bedroom Space Have on List Price?
The graph below shows the difference the number of bedrooms has on the average list price. The number of bedrooms has a significant impact on the list price and is one of the most important to a potential buyer. What is considered a legal bedroom: Minimum of 80 square feet Must measure at least 7…
Read MoreWhat Does the Future Hold for Home Prices?
If you’re looking to buy or sell a house, chances are you’ve heard talk about today’s rising home prices. And while this increase in home values is great news for sellers, you may be wondering what the future holds. Will prices continue to rise with time, or should you expect them to fall? To answer that…
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