Michael Curtis on Mortgages – Fall Edition

Autumn is here and the real estate market remains as hot as the weather.

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Michael Curtis on Mortgages
Written by Michael Curtis, Movement Bank

Happy Fall!  It may not feel like it quite yet with the temperatures still hovering in the high 80’s and low 90’s; however, we are officially in Autumn now and those leaves will start to change before you know it.  Yes, fire pit weather is around the corner.

As we turn the corner into a new season, markets continue to heat up!  The Fed at its latest meeting cut the overnight lending rate by .25% basis points to continue to stoke the economic engine that is our market.

All signs continue to point to a real estate market that is gaining momentum, as well.

Analysts have adjusted and increased their growth projections with data showing that 15% more people have purchased homes over this time last year.

Home construction starts also hit a 12-year high and data shows a significant increase in building permits.  Overall, with the positive outlook and performance in the market, home inventory continues to be an area builders are winning as they are not competing with existing home sales.

Great opportunities remain for those who are on the fence when it comes to selling their home to take advantage of a surging real estate market and receive top dollar for their current property.

As we head into the 4th quarter of the year, data shows us that more people than ever are employed, wage growth is at an all time high, and buyers are eager to jump into a market that shows benefits for buyers to find what they are looking for as well as for sellers to maximize their investment with the right timing in selling their home.


Thinking of buying or selling your house?  For the simplest real estate experience, contact local real estate agent, Jimmy Grappone with Costello Real Estate & Investments to guide you patiently and expertly throughout the entire process.

And unless you’re paying cash for your next property, the first step is getting pre-approved for financing.  Movement Bank’s Michael Curtis is patient, knowledgeable and diligent when it come to ensuring his customers know exactly what they qualify for and what fits their current and projected lifestyle and budget.

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