Mortgage rates have continued their slide, and lenders should be offering fixed-rate loans with rates starting in the threes again, with little or no points! The new pendings are flowing, but we still haven’t seen a flood of new listings:
NSDCC Detached-Home Listings and Sales in March
| Year | ||||
| 2015 | ||||
| 2016 | ||||
| 2017 | ||||
| 2018 | ||||
| 2019 |
The latest numbers are month-to-date, and will increase considerably with four business days to go. But the March sales will end up well under last year’s count, though the lower rates should help boost sales in April and May.
There are threes on the street:
For those who want to prepare for making an offer and would like to review our contracts, the California Association of Realtors have made available a sample copy with explanations:
https://www.car.org/riskmanagement/Consumer-RPA
Don’t be surprised if it’s a little clunky.
