California Realty Experts Maintain High Summer Sales With Low Mortgage Rates
Written by suleman
California Realty Experts attributes the recent millions of dollars in summer home closings to the steadily low mortgage rates that offer more homeowners a chance to invest in real estate. California Realty Experts recently closed more than $6 million in sales in a single month, despite persistent rumors of a "stagnant" home market. Owner Geno Diegelman attributes this steady climb in home sales to stable, low mortgage rates.
"Because mortgage interest rates have not risen, many people are beginning to get over their fear of investing in the real estate market," says Diegelman.
"Furthermore, people are able to buy more house for their money as long as interest rates remain low, so many home shoppers are looking at larger and more expensive properties than they would have purchased in the past."
It is clear that mortgage rates have had a large impact on the recovery of the southern California realty market. As Diegelman points out, not only are home sales on the upswing overall but there seems to be a current rise in higher-priced and more exclusive properties as investors become more confident in the recovering housing market.
"Summer is often a boom time for real estate," says Diegelman, "as many families want to move before the children begin school. Therefore, it was not a complete surprise that May was one of our biggest months ever, with more than $6 million in total closings and with one agent, Irma Manzanares, representing $1.95 million of total sales."
Diegelman notes that summer is not over and there is still time for buyers to find the right property before school begins.
California Realty Experts, led by Geno Diegelman, is a collection of some of the best realtors in southern California who are dedicated to making the home sales and buying processes easier for clients. With a huge inventory of top-quality homes, this firm can find anyone the home of his or her dreams and help them close on the sale quickly.
For More Information:
California Realty Experts
31963 Rancho California Rd # 200
Temecula, Ca 92591