Recovery in Existing Home Sales Expected to Continue in 2013

  1. mcf
  2. October 29, 2012 2:27 pm

If you’re looking to sell a home in the near term you may be heartened by recent reports from the National Association of Realtors (NAR). The association reported on October 25, 2012 that pending home sales are supporting a “solid recovery” in existing home sales this year which is expected to continue in 2013.

For those of us in the market to buy a cottage of our own the timing may be just right. The NAR expects conditions for affordable housing to “remain favorable” and Freddie Mac has pegged the October 2012 average commitment rate on a 30-year fixed mortgage at just 3.38 percent.

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