Despite some
tumultuous times over the last 5+ years, most indicators point to a positive
outlook in 2015. This is not to say that we’ll be living in a perfect world,
but timing is everything and times are looking good. According to Freddie Mac,
mortgage rates which have hovered around 4% this year will inch up to 5% in 2015
which is still a great offering. Nationally
home prices were up 9.3% in
2013 and 4.5% in 2014 and are projected to increase an additional 3% in 2015. New Home Starts are projected to increase by 20%Home
sales in 2015 are also forecasted to be up 5% at the national level. The robust Naples
area market may well yields results well above the national projections .Re-fi mortgage originations which have
recently accounted for more than 50% of all mortgage originations, will come
down to a little more than 20%, which will bring overall mortgage originations
for single-family dwellings down 8% next year. Overall, it’s a great message
and a good time to let me help you find your Ideal Home in the Naples area.
Call me at 239-273-4006, email me at Fay@Move2NaplesNow.com
or visit my website and learn about my Special Buy and Fly Travel Incentive
Program at fay.movetonaplesnow.com.
Fay Mlinarich, PA., Premiere Plus Realty.
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