Biden or Trump, the housing market still WINS and so do you!

Dated: November 9 2020

Views: 92

According to Realtor® magazine, sellers stand to gain more equity this winter.  According to Danielle Hale, realtor®.com’s chief economist, in September 2020, housing inventory was lower by 39% compared to last year at this time. Buyers are out looking trying to take advantage of lower than normal mortgage rates, saving on finance costs. The median home listing rose by 11.1% in September 2020, compared to a  year ago.

 

According to Russ Humphrey, Mortgage Officer at South Carolina Federal, in Charleston, SC the average mortgage rate fell for a 30-year fixed loan by 3 basis points this week, Freddie Mac said Thursday that we’re seeing the lowest rates in its 50-year history. This week’s rate broke the previous record low on 10/22 by 2 basis points. Including this last weeks drop, there have now been 15 weeks consecutive when the mortgage rates have dropped and been below 3%.  Sam Khater, Freddie Macs chief economist, stated the trends are likely due to the political economic uncertainty. WhiteHouse Wire has outlined indicated despite a Trump or Biden win the housing and mortgage industry , would still experience hovering interest rates near these historic lows for the next few years, regardless who wins.

 

Russ Humphrey, is a mortgage officer at SCFCU, and uses his expertise to teach and inform realtors about the upcoming trends so that the customer benefits from the information. Russ is available at his office for more information visit www.scfederal.org/Humphrey

 

Rick and Angie Decker are Realtors, with Local Homes and Land Real Estate in Summerville, SC covering the entire tricounty area. Rick & Angie Decker are realtors with Local Homes and Land Real Estate. When life  pushes you into a new chapter we're here to help you enter that chapter. We have years of experience helping others meet their goals and finding their forever home. Give us a call today at 843-499-6872 or email us at rnadeckerteam@gmail.com

Rick & Angie Decker, Realtors

 

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Decker Team

Rick and Angie Decker work together as The Decker Team and they specialize in both Commercial and Residential real estate.. Angie entered real estate part time in 2016 while also working as an Operati....

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Biden or Trump, the housing market still WINS and so do you!

According to Realtor® magazine, sellers stand to gain more equity this winter.  According to Danielle Hale, realtor®.com’s chief economist, in September 2020, housing inventory

Read More