Saratoga Springs, Info That Hits Us Where We Live – Opportunity Doesn’t Last Forever!

QUOTE OF THE WEEK… “The ladder of success is best climbed by stepping on the rungs of opportunity.” –Any Rand, Russian-American novelist, philosopher, and playwright

INFO THAT HITS US WHERE WE LIVE… For quite some time, borrowers have had the opportunity to take advantage of very low mortgage rates. But opportunities don’t last forever. For the first time in many months, rates have recently moved up. We don’t know if this is a trend or not, but it may be worth your while to let your borrowers know that record lows don’t last forever.

In other housing news, December Pending Home Sales, which gauge contracts on existing homes, were off 4.3% for the month. This is not surprising for the time of year, but it does presage a small dip in the sales of existing homes in the next month or two. We also had a dip in home prices from October to November in half the markets tracked by the S&P/Case-Shiller 20-City Composite home price index.Nevertheless, 19 of the 20 metros tracked showed annual price gains, up 5.5% over last year.

Kristen Zorda
Loan Officer
648 Plank Rd. Suite 203
Clifton Park NY 12065
Office: 518-366-7999

Orson Klender, Licensed Associate Broker; Keller Williams Real Estate

www.realestatesalesaratogaspringsny.com

oklender@kw.com

518-588-2319

Focusing On Your Needs Is The Key To Our Success!

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About Real Estate Agent in Saratoga Springs

As an agent who's an expert in this local area, I bring a wealth of knowledge and expertise about buying and selling real estate here. It's not the same everywhere, so you need someone you can trust for up-to-date information. I am eager to serve you.

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