Regarding the state of the housing market in the country, CNN Money reported:
Mortgage rates are falling to its lowest since October. The average rate for a 30-year, fixed-rate loan fell to 4.14 percent from 4.2 percent
But lower mortgage rates have not boosted the housing market.
Applications for mortgages used to purchase homes have been running about 10 percent behind the pace of a year ago, according to Mortgage Bankers Association stats.
In some markets, home sales have been hurt by shortages of inventory, leaving buyers with few homes to choose from.
It should be noted that the slow market only indicates that as a seller, you have to make more of an effort to give more value to your home to make it more attractive for buyers. The seeming unfavorable statistics aren’t so important; it still matters that you take care of your house to attain a better standing in the market. When the time comes that buying rates pick up again, having a good quality home now will ensure you’ll fare better in the real estate market in the future.
Regular maintenance is therefore essential and in some cases, renovation projects are needed. That’s why now is the best time for you to assess the parts that need the most attention. For instance, when your windows are rusted and difficult to open/close, it is time to call a company for window replacement in Milwaukee.
Make your home more impressive on or off the market so you can reap the benefits later on. Little fixes and replacements can do a great deal to add value to your house. Renewal by Andersen® replacement windows in Milwaukee, for instance, are sure to boost your chances of landing that great deal smoothly. Contact us now and we’ll assess your home’s most immediate needs.
Article Excerpt from Mortgage rates fall — lowest since October by Les Christie, wisn.com, May 22, 2014