4 real estate trends for summer 2013

Posted by Bonnie Martin Designated Broker on Monday, June 10th, 2013 at 12:29pm.


foxnews.com - Are you finally off the fence and doing a little home shopping? As the market heats up and sellers regain control, here are a couple of trends to consider.

Low mortgage rates:  The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently hovering near historic lows, at 3.78 percent.

Slim pickings:  As of February, slightly less than 2 million homes were for sale nationwide. 

Home stalking:  As demand from home buyers grows faster than the supply of homes for sale, many buyers are taking less conventional routes to find their dream home.

Bidding wars:  As many of the nation’s markets heat up, bidding wars are quickly becoming the norm.

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