Real Estate Market Update
NuVision Real Estate Loan consultants work with buyers and real estate agents daily. They are your best resource to keep up with the changing trends and make the process of home ownership fast and simple.
Although there is a lot of talk of rising rates, it's not too late to get a great deal on a mortgage. If you compare rates over the past 15 years, mortgage rates are still very low. Paired with low inventory, home sellers are now in the driver's seat. As a buyer you need to make your move quickly. The first step for any buyer in this competitive marketplace is to get pre-approved. Many real estate agents will only work with serious buyers and will want you to have a pre-approval in hand before they start showing properties to you. In order to get the home, buyers are being more aggressive and presenting offers with large cash downs, increased bids and secured financing. Our agent contacts report that there are on average 10 qualified offers for every home for sale. NuVision can help you get pre-approved so you can act fast when you find the home you want.
According to the Federal Housing Finance Agency, home prices rose for the 16th consecutive month. Experts agree that the reason prices are rising is because the market is finally recovering from its slump. Rates are up because the economic recovery is on more sound footing with real estate recovery supporting the upturn. Job reporting is also on a positive trend. This is all good news overall for our nation.
NuVision is anxious to help you achieve your dream of home ownership. We will waive our lender fees* just to make the process easier and save you some money when you bring your purchase to NuVision.
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NuVision Federal Credit Union
7812 Edinger Avenue
Huntington Beach, CA 92647
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