As we are all aware, interest rates in the US rose in July & August 2013 and there has been much speculation on why that happened, and whether it is just the beginning of much higher rates to come. This article, posted in the Market Watch Report for the month of September, offers some good analysis on what really happened and what to expect in the coming months.
In addition, the report has some very interesting statistics on home prices, the number of homes for sale, and sales of homes in the Desert in 2013 as compared to 2012. It breaks the sales out according to specific cities within the Desert. There are quite a few charts with different sets of statistics on each city. This information is very thorough and should help give you an understanding of what is currently occurring in the real estate market place in our Desert.
Please contact me or leave comments below with any questions/comments you have about our local market. I look forward to hearing from you.
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