This Month in Real Estate July 2013 has been released!
Home sales activity rose a bit to a pace of 5.2 million from the 4.97 million we saw in This Month in Real Estate June 2013. The median home price rose as well, (a good amount!) to $208,000 from $193,000 from last month. This is up 15.4% from this point last year! The average interest rate also rose, to 3.54%.
The Top Story discusses being prepared for repairs.
Jay Papasan talks about how research shows that the roof, plumbing, electrical and heating and cooling systems are the most often seem items that need to be repaired before a house is sold.
It is important for a buyer to learn as much as possible about the systems of a house, and a great way to do so is to hire qualified inspection professionals to evaluate the home.
Contact me if you may be considering buying a home in Timonium or Towson, or surrounding areas. It is important to have professionals help guide you through the home buying process!