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Real Estate News – Quick Stats for the Week of 8/31/09
August 31, 2009 · Filed Under Real Estate News
Real Estate News Overview:
- New home sales rose 10% in July.
- Median sales prices of new houses sold in July was $210,000.
- In the Northeast, July’s sales rate rose 32.4% compared with June
- The South was up 16.2% compared with June
- The West was up 1% compared with June
- The Midwest’s sales rate fell 7.6% compared with June.
- The average rate for a 30-year fixed mortgage was 5.14%, up from 5.12% a week earlier.
- The average rate on a 15-year fixed-rate mortgage rose to 4.58%, from 4.56% last week.
- Rates on five-year, adjustable-rate mortgages averaged 4.67%, down from 4.57% a week earlier.
- Rates on one-year, adjustable-rate mortgages were unchanged at 4.69%.
Real Estate Investor Coach Response:
That’s all the news that I’ve got for you on this beautiful Monday morning (in Lexington, KY). Not a whole lot of explanation, just some cold hard stats to start off your week. I think it is important to at least keep a pulse on what is happening with real estate around the country and I hope this quick blog post helps you do that.
Go make some money investing in real estate!
To your Real Estate Investing Success,
Brian Evans
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