Inside Lending Newsletter From Kristen Zorda, Home Price to Grow in 2014

QUOTE OF THE WEEK… “Everybody thinks they are right.”–Stefan Sagmeister, New York-based graphic designer and typographer 

INFO THAT HITS US WHERE WE LIVE… This week, those who think they’re right in believing the housing market has shrugged off its recent slump could present fresh evidence. Pending homes sales in May surged 6.1% over the month before, according to the National Association of Realtors (NAR). This index of contracts signed on existing homes indicates that sales of those properties should move ahead nicely a couple of months out. It was also good to see all four regions of the country posted increases in pending sales.

The NAR’s chief economist projected: “Sales should exceed an annual pace of 5 million homes in some of the upcoming months behind favorable mortgage rates, more inventory, and improved job creation.” In fact, the inventory of existing homes was up 2.2% in May as sales gained 4.9% and, according to Freddie Mac, national average rates on 30-year fixed-rate mortgages recently posted their first annual decline in more than a year. NAR projections show the national median existing home price growing 5% to 6% this year and 4% to 5% in 2015.

BUSINESS TIP OF THE WEEK… It’s not about what you get, it’s about what you give. Focus on giving your clients more and the rewards will follow.

Kristen Zorda
Loan Officer
NMLS# 58751
648 Plank Rd. Suite 203
Clifton Park, NY 12065
Office: 518-366-7999

PrimeLending, a PlainsCapital Company

 

Orson B.Klender,  Associate Broker

Keller Williams Realty Saratoga Springs
38 High Rock Ave, Saratoga Springs, NY 12866

www.OrsonSellsNY.com

Connect with me…..

FacebookLinkedInWordpressTwitter

Cell: 1 (518) 588-2319 ~ Fax: 1(866) 588-6066

Advertisements

Tags: , ,

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.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: