Naples, Fla. (September 14, 2018) - Closed sales of properties during August increased 5 percent to 719 homes from 685 homes in August 2017 according to the August 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). Inventory during August also rose by 2 percent and was driven by a surge of 218 more properties added to the market in the two lowest price categories reported, compared to August 2017.
The economic data that was released this week was the primary factor that affected the mortgage rates. However, the data portrayed a stronger than expected outlook on manufacturing, wages, and services that led to a slight increase in mortgage rates
Mortgage Rates Slightly Rise as Applications Take a Breather. Secondly investors are shifting to safer assets. To end the week, consumer spending remained strong.
Borrowers can receive up to $50,000 beyond the original purchase price to apply towards home improvements, including luxury items like pools or kitchen upgrades. The choice is in the hands of the home buyers. The amount you can borrow is equal to the cost of the home after all improvements are complete.
Borrower sends a large gift basket of goodies for our entire team!
Conversely, homes sales in the Naples area were up 8 percent in July according to the July 2018 Market Report released by the Naples Area Board of REALTORS® (NABOR®), which tracks home listings and sales within Collier County (excluding Marco Island). The nation has only a 4.3-month supply of home inventory, while Naples has a healthier 6.25-month supply of inventory.
Mortgage Market update for August 19, 2018. Turkish high inflation rate has been another consequence of the ailing economy. In a bid to preserve their wealth, many citizens have taken extreme measures such as purchasing gold and other precious metals.
During winter most homeowners make certain adjustments in their houses to cope with the cold weather. Your house needs to be warm and comfortable. It’s paramount to prepare early. Are you prepared?
Core Mortgage Financial is proud to announce a new loan product NO income investor loan.
The most significant piece of economic data released was the updated Consumer Price Index (CPI), which is one of the most heavily watched inflation indicators. There will be additional major reports coming out in the next week. This week, retail sales, industrial production, and housing starts will all be released, which could have an impact on mortgage rates.