Even with interest rates on the rise homes sales continue to increase! The fact that a significant increase in interest rates in the past month hasn’t put a damper on homes sales should be a good indicator of how strong the demand for housing is! The increased demand will continue to push prices higher. Are you prepared to wait and pay more?
DAILY REAL ESTATE NEWS | THURSDAY, JUNE 27, 2013
Pending home sales rose in May to the highest level since late 2006, implying a possible spark as mortgage interest rates began to rise, according to the National Association of REALTORS®.
The Pending Home Sales Index, a forward-looking indicator based on contract signings, increased 6.7 percent to 112.3 in May from a downwardly revised 105.2 in April, and is 12.1 percent above May 2012 when it was 100.2. Contract activity is at its strongest pace since December 2006, when it reached 112.8. Also, pending sales have been above year-ago levels for the past 25 months.
Lawrence Yun, NAR chief economist, said there may be a fence-jumping effect. “Even with limited choices, it appears some of the rise in contract signings could be from buyers wanting to take advantage of current affordability conditions before mortgage interest rates move higher,” he said. “This implies a continuation of double-digit price increases from a year earlier, with a strong push from pent-up demand.”
Regionally, the index went unchaged in the Northeast, but is 14.3 percent above a year ago. In the Midwest, it jumped 10.2 percent to 115.5 in May and is 22.2 percent higher than May 2012. Pending home sales in the South rose 2.8 percent and 16 percent in the West.
About boiselender
Meet Paul Anderson, a seasoned mortgage lender and visionary entrepreneur who has dedicated his career to assisting investors in finding lucrative investment properties and paving their path to financial success. With an unwavering passion for real estate and a deep understanding of the market, Paul has become a trusted partner for countless individuals seeking to grow their wealth through strategic property investments.
Early Years and Passion for Real Estate:
Born and raised in Boise, ID, Paul's fascination with real estate emerged during his early years. Paul’s father was a realtor and Paul got his first taste of real estate helping his father in the late 70’s by preparing flyers, folding mailers, and licking too many envelopes! His parents, hardworking individuals who instilled the values of diligence and ambition, frequently discussed the importance of homeownership and building equity. Inspired by their words, Paul's determination to explore the vast world of real estate began to take shape.
Educational Pursuits and Professional Development:
Paul is a lifelong student of real estate and finance and has immersed himself in various real estate forums, attending seminars and networking events, where he honed his skills and expanded his knowledge base. Armed with a comprehensive understanding of mortgage lending and investment strategies, Paul embarked on his professional journey.
Career Breakthrough and Specialization:
After joining a family-based mortgage brokerage, Paul quickly rose through the ranks, showcasing his exceptional dedication and aptitude for assisting investors in achieving their financial goals. Recognizing his unique abilities and passion for helping others, he decided to specialize in guiding investors toward finding profitable investment properties. Paul's expertise in evaluating market trends, conducting meticulous property analyses, and structuring tailored mortgage solutions has set him apart as a trusted advisor in the industry.
Empowering Investors for Long-Term Success:
Paul's approach to working with investors extends beyond mere financial transactions. He believes in building lasting relationships based on trust, transparency, and mutual understanding. By taking the time to listen to each client's individual needs and aspirations, he collaborates with them to devise personalized investment strategies. From first-time investors seeking guidance to seasoned professionals looking to expand their portfolios, Jonathan's vast experience caters to a diverse range of clientele.
A Holistic Approach to Wealth Creation:
Paul firmly believes that true success in real estate investment lies in adopting a comprehensive approach. Apart from helping clients secure suitable mortgages, he provides valuable insights on property valuation, rental market analysis, property management, and long-term wealth creation strategies. By leveraging his extensive network of industry professionals, he assists investors in finding the right resources, such as trusted real estate agents, property inspectors, and legal advisors.
Community Engagement and Philanthropy:
Recognizing the importance of giving back, Paul actively participates in community outreach initiatives, particularly those related to housing and financial literacy. Sharing his knowledge and empowering aspiring investors with the necessary tools to make informed decisions. Furthermore, Paul is dedicated to supporting charitable organizations that focus on providing affordable housing options to underserved communities.
Future Vision and Legacy:
Looking ahead, Paul envisions expanding his reach and impact in the real estate investment landscape. His passion for innovation drives him to explore new technologies and investment models, such as Property Llama, Bigger Pockets, and fractional ownership, to offer cutting-edge solutions to his clients. Through his unwavering commitment to excellence, Paul aspires to leave a lasting legacy as a trusted advisor and advocate for investors, transforming their dreams into tangible wealth for generations to come.
Conclusion:
Paul Anderson's journey as a mortgage lender specializing in helping investors find investment properties exemplifies a remarkable commitment to transforming dreams into financial prosperity. With his in-depth knowledge, personalized approach, and dedication to long-term success, Paul empowers investors to navigate the complex world of real estate investment confidently. As he continues to revolutionize the industry, Paul remains a beacon of expertise and a steadfast ally in the pursuit of wealth creation through strategic property investments.
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