Accuweather in Lake Arrowhead May 14, 2018
2018 SALES AND PRICES STILL GAINING OVER 2017
Economists overall expect the economy will continue to do well this year. But the rise in consumer prices and interest rates could start a squeeze in summer and fall when home buying reaches its’ peak. The rise in interest rates would add about $88 to the monthly cost of a $300,000 mortgage. 30 year mortgage rate at 4.55% & history
April 2018: 42 Arrowhead Woods homes sold. Our vacation market is understood best when viewed as three segments; Cabin, $200,000 to $499,999; Premium, $500,000 to $999,999 and Luxury, $1 million plus. For a change of pace I’ve divided and summarized each segment. Give me your feedback on this new data perspective.
Be aware of what’s happening daily in our mountain real estate market. Click any image below.