The number of pending sales on the market decreased again this week in Canyon County and in Ada County. It was a 2.1% decrease in Canyon County and a 3% decrease in Ada County. The number of homes on the market in Canyon County increased this week by 2.2% and increased by 0.7% in Ada County.
We should see things begin to pick up some now! The latter part of July is normally the bottom of our usual summer slump. August is normally the better summer month with September being one of the top months of the year!
-Craig Panike, Broker
Monday, July 26, 2010
Tuesday, July 20, 2010
Weekly Market Update 7/19/10
The number of pending sales on the market decreased again this week in Canyon County but increased in Ada County. It was a 3% decrease in Canyon County and a 5.5% increase in Ada County. The number of homes on the market in Canyon County decreased this week by 0.7% and increased by 0.6% in Ada County.
While Canyon County had another decrease in pending sales it was good to see that Ada County had a fairly good jump in pending sales!
-Craig Panike, Broker
While Canyon County had another decrease in pending sales it was good to see that Ada County had a fairly good jump in pending sales!
-Craig Panike, Broker
Monday, July 12, 2010
Weekly Market Update 7/12/10
The number of pending sales on the market decreased again this week in Canyon County but increased in Ada County. It was a 3% decrease in Canyon County and a 1.4% increase in Ada County. The number of homes on the market in Canyon County increased this week by 0.14% and increased by 1% in Ada County.
This week is showing signs of the market leveling out as I had expected. I think we will see it continue to level out now and start to slowly improve.
-Craig Panike, Broker
This week is showing signs of the market leveling out as I had expected. I think we will see it continue to level out now and start to slowly improve.
-Craig Panike, Broker
Friday, July 2, 2010
Mortgage Bonds Boom Drives Rates Down
Residential mortgage bonds backed by the U.S. government have become a safe haven for investors again, helping to drive mortgage rates to record lows. The average interest on 30-year fixed loans fell this week to 4.58 percent, down from 4.69 percent a week ago, reports Freddie Mac.
With homes prices at an all time low and interest rates at an all time low it is a perfect time to buy!
Source: The Wall Street Journal, Mark Gongloff (07/02/10)
With homes prices at an all time low and interest rates at an all time low it is a perfect time to buy!
Source: The Wall Street Journal, Mark Gongloff (07/02/10)
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