Home With Cher

Just in case you were wondering what the current mortgage rate climate looks like. Remember, I can help you with your real estate needs in any state. I am well versed in several markets including: Luxury, Investor, and Raw Land/Acreage.

Ballantyne All BRICK- walk out basement TOWNHOME - https://mailchi.mp/1b30ba766d71/ballantyne-all-brick-walk-out-basement-townhome

So I hear this on a regular basis & I love to answer it....How will the 2020 Real Estate market be? Here ya go!

In 2019, mortgage rates fell while home prices and home sales increased in most areas of the country. What will 2020 bring? Freddie Mac’s Chief Economist, Sam Khater answers questions about what to expect in the year ahead.

Per Freddie Mac’s weekly Primary Mortgage Market Survey®, we’ve been watching mortgage rates closely. Do you expect low mortgage rates that we experienced in 2019 to stick around in 2020? If so, just how low do you think mortgage rates will go in 2020 and what will be the impact on home sales?
Mortgage rates are expected to settle below 4% for the 30-year fixed-rate mortgage in 2020, which is a tad higher than the second half of 2019 but still very supportive of a continued rise in purchase demand. Mortgage rates reached a trough of 3.49% in early September and have since increased by about 25 basis points as the economy began to improve and the risk of a recession receded. The rise in mortgage rates since the early fall has not dented purchase demand at all, with purchase applications consistently rising between 5 and 10 percent above a year ago with no signs of a slowdown. As a result of the low mortgage rate environment and the strength in the labor market, we expect home sales to rise to 6.2 million in 2020, up from 6.0 million in 2019.

As Always I love to help my friends and family with any real estate needs whether personally or finding a top agent to help you if you are not local. Let me know if I can help you.

Near Ballantyne! Ranch Style 1.5 story Home - -

Near Ballantyne! Ranch Style 1.5 story Home -

$10k reduced - near Ballantyne - https://mailchi.mp/9fafb4d3b621/10k-reduced-near-ballantyne

Spread the WORD!

Big step taken toward new light rail mega-line from Matthews to Belmont.

Big step taken toward new light rail mega-line from Matthews to Belmont. Here’s what still needs to happen Charlotte is now officially on track to build a new light rail line between Matthews, Uptown and the town of Belmont in Gaston County by the year 2030.