Is housing one of the best money-making opportunities available today? I know, how could that be possible with the Pandemic continuing to gain steam? Even with the Pandemic, I am reading more and more positive reports from experts. Here are some of the facts that keep reappearing.
Home sales across the United States are picking up again despite the sudden loss of some 22 million jobs due to the coronavirus pandemic. How does that make sense? Record-low mortgage rates and a lack of homes for sale are two key reasons that help explain the dramatic rebound. However, those factors do not tell the whole story.
Mortgage interest rates fell below 3% for the first time ever. The average 30-year fixed-rate mortgage fell to a record low of 2.98% this past week, according to Freddie Mac. That is the lowest level in the nearly 50 years of the mortgage giant’s survey.
A comparative market analysis (or “CMA”) is a report prepared by a real estate agent to help a client determine the value of a home. The report analyzes recently sold properties that are similar to the home in question.
