30-year mortgage interest are at a 52 week low at 4.10 down from 4.53 at the beginning of the year. The 15-year mortgage is 3.24. The rates are down in spite of Federal Reserve trimming monthly bond purchases. Not surprising, home sales are also up but at a slower pace. In Fresno and Clovis there is only a two and half month supply of homes on the market making it a Seller’s market. Our Open House held on September 7 saw a record number of visitors and at least two offers. Potential sellers would likely do very well. However aggressive real estate appraisals are holding prices down in spite of the value buyers see in homes. Real estate is dynamic.
1. Home prices will finally calm downReal estate values have been on t
"Jennifer held our hands through the process and kept us informed about what was happening. I asked thousands of questions and received great information. Jennifer was often available and worked with our busy schedule to help get things done. Even once we were in escrow, she was helpful with lots of recommendations for price estimates on the projects that the house needed even setting some of them up along with all the inspections. We are overjoyed to be the proud owners of a great new home and are so appreciative to Jennifer Martin for helping us find and buy that home!"