SLV Homes: Real Estate Update
By M.C. Dwyer Low interest rates and the paradigm shift caused by covid-19 continue to drive home sales. 2020 ended with an average 30-year fixed residential owner occupied mortgage interest rate of about 2.75%. In January, rates crept up, but remain below 3%. In the chart below, you can see single family home prices rose in December by nearly 17%…
Read More