2013 Mid Year Update

Welcome to http://www.MichaelLauer.com  The market is moving, if you have a home listed for sale and it is priced right, most likely it’s not going to take long to bring a good buyer in. Now the Case Shiller Index has recently released their statistics for the year over year price increases. Nationally the prices are up 10.9%, but here in our Tampa market, prices are up 11.8%, that is great news!

Now along with the rising prices, just in the last few weeks interest rates are rising. A few weeks ago, rates were at 3.4% for a typical 30 year fixed mortgage and today rates were quoted at 3.9% as prices rise I suspect that rates are going to continue. Inventory is currently tight, there’s not a lot to pick from…

 Watch the video for the full prediction…

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