Arrowhead Trends Newsletter
‘On the fence’ folks have a bunch of choices. 1. Get in the market now before rates rise above 5% or 2. Wait and see… 3. optimistic about the economy in 3-6 months… 4. Hang in to 2020?
Give Bob a call for advice 909.496.8200
44 SEPTEMBER SALES a bit slower than 54 sales a year ago. Buyers cautious?
2018 is a booming year, with a 10.6% increase in 9 months of sold homes over the first nine months of 2017. Now more cautious, September buying slipped from 54 sales in 2017 to 44 sales in 2018.
YTD UP IN 2018; September Weakest
2017 346 sales, $411,500 median price.
2018 357 sales, $455,000 median price.
Mortgage rates have risen to near 5%, up 3.9% from a year ago, the highest in the past seven years. Real estate has been softening, though still healthy. Sadly we all tend to soft-pedal how fast it can change.
Act now. Call Bob to learn the value of your home. Expert analysis, experience and knowledge. Bob and Patsy have 30 years, over 1,000 sales in Lake Arrowhead.
As specialists, we appreciate referrals.
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