We all wish we could peer into the future and be able to be at the right place at the right time to make the most lucrative decision possible. Unfortunately, until time machines are invented we will have to rely on intelligent forecasts based on the best information possible. Here
1. Mortgages will be easier to obtains. - Mortgage lenders are relaxing the strict lending standards put into place after the housing crisis according to the Federal Reserve. This will allow lower credit scores and higher levels of debt in reaction to low loan volume. To find a lender in your area, view Augusta Ga Mortgage Lenders.
2. Home values will continue to rise but at a gradual pace. - Analysts and economists from CoreLogic expect home prices to jump 5.7% from July 2014 to July 2015. They also agree that prices will rise at a slower rate in 2015. If you would like the value of your home, view my home value.
2. Mortgage rates will remain below 5% for most of 2015. - Freddie Mac's long-term outlook predicts gradually rising mortgage rates that could possibly reach or exceed 5 % by the end of 2015. To calculate your mortgage, view mortgage calculator.
4. Foreclosures will continue to decline. - According to RealtyTrac, the number of foreclosed homes will continue to decline as well as the number of foreclosure filings returning to pre-housing-crisis levels for early 2015.
5. Double-digit gains will be limited. - According to Zillow, the largest price gains will be limited to cities in Nevada and California.
For more information contact:
Sherri Melton - Realtor
2013 KW Quadruple Gold Sales Award-Over 11 Million in Sales in 2013
Associate Leadership Council Member 2007 - 2014
Accredited Staging Professional - IAHSP Member
Keller Williams Realty Augusta Partners
3633 Wheeler Rd., Suite 125
Augusta, GA 30909
Cell/Text 706.495.1135
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