Things appear to be heating up for the spring housing market!

houseforsale

 

 

 

 

 

 

 

 

The mortgage market remains friendly, with the average 30-year mortgage rate recently falling to around 3.7% from 4.4% a year ago. Credit conditions have loosened, too. Although for-sale inventories and even rental vacancy rates are low, there are indications of a robust start to the spring selling season. On Monday, the National Association of Realtors reported February’s seasonally adjusted index of pending home sales hit its highest since June 2013. That came despite frigid, snowy weather across much of the country.