Wednesday, January 30, 2013

Weekly Rate and Real Estate Update, 1.30.13

Strong week! Mortgage rates tick up a bit…

Dan’s activity this week:

Well, the purchase agreement from my buyers of last week fell apart, so we are back on the hunt! 

The showings from last week paid off.  One of my listings received an offer and we have a deal!  We’ll be closing in late February and now we are out whittling down the homes that they want to buy.  We’ll probably submit an offer on a property by the end of the week.  That will minimize the amount of time they are in limbo!

Another listing had 3 showings over the weekend which is great, although tracking down the feedback hasn't been as easy!  Yesterday we also lowered the price on that home so that should help get some more eyes on it.  It’s a good reason to contact the agents from previous showings and let them know of the price change to stir more activity.

So on Monday I prepped for 3 new listings!  For each of the next 3 weeks I’ll have a new listing going live on Tuesdays…I’d like to make it 4 or 5 weeks in a row, so give me a call.  I do have two appointments booked that just might keep the streak alive, but I wouldn't mind listing 1 new home a week throughout the Spring!!  Housing inventory in the market is low and I just sold one of my listings, but I always have the capacity to handle more business!!

   Rates for the week
From the IBJ... The average rate for 30-year mortgages rose from 3.60 percent to 3.66 percent in the week ended Jan. 23, according to The rate for 15-year mortgages rose from 2.89 percent to 2.94 percent.

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