What's Today's Market Like?
Every month, we take a look back at how the market is affected by several different factors that take place daily throughout the world, not just within the real estate industry. For Team Andy Gibson , it's essential for us to stay up to date on the current market fluctuations so that we can help our clients make the best decisions for their real estate needs. So, this month, we're taking a look back on the past month to give you an insider's perspective on how the market is holding up today. According to the National Association of REALTORS®, existing-home sales subsided for the fourth straight month in July to their slowest pace in over two years. In many areas, potential buyers may be priced out or finding a limited amount of available homes for sale in their desired neighborhood. Interest Rates According to Freddie Mac, mortgage rates are better now than they have been since mid-April. 30-year fixed rates decreased from 4.52 percent to 4.51 percent. This rate rem...