Sunday, December 2, 2012

Real Estate Report

Overall the real estate market is definitely improving. According to the National Association of Realtors Nationwide there has been an approximate 13% increase in the pending sales index over last year.
 There has been an approximate 17% increase in the South. In the Jackson area, we have seen an approximate 10% increase.
 Interest rates are expected to stay low through next year although there has been a slight increase lately to around 3.5% on a 30 year fix in most cases.
 There are some very good loan programs currently available including a $14,995 grant program for qualified buyers.
Currently in Mill Creek there are 6 homes listed ranging from $139,900-258,000. While activity is still relatively slow for older homes, there is an increase in the market recently.
Mill Creek is still a very desirable neighborhood and it is very important for everyone to help in maintaining the overall look of the neighborhood to maintain and increase values. By maintaining your property and following the good neighbor code, you not only help sell current homes for sale, but you help maintain and increase the value of your home.
 -- Vicki Freeze 601-506-4989 vjfreeze@hotmail.com vicki.freeze@crye-leike.com

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