We are now entering the historically busiest months in Real Estate, and the numbers are starting to indicate this. I believe the numbers will continue to indicate this due to current government actions, interest rates, and the time of year. We are seeing homes go pending for a much longer period of time (over half of the homes showing as pending went pending in January and are still not closed) due to the large amount of refinances, surge in FHA loans, and the slow process of bank or short sale approvals. For buyers with job stability and decent credit, now is a great opportunity to buy a first home (for a long term investment). Give me a call if you or someone you know is thinking about buying or selling a home!!

Interest rates continue to hang around 5.325% with no points.