In this Issue
June Market Update
Mortgage Rates Edge Down a Little
Site Finished vs Prefinished Floors
Search For Homes
House Plans Radio
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The Buyer's Broker of Greenville  

   The Buyer's Broker, Inc.
   Keith Clark  Broker/Owner
www.GreenvilleBuyersAgent.com
  Mobile Phone 864-420-0262
    Office Direct 864-271-4114  
 

 County Bank Logo    

 Call JD Nelson at 864-331-2212

AskJD@CountybankMortgage.com

CountybankMortgage.com 

    



Helpful Hyperlinks
Dear , Many of you know that I have been preparing to move to the Eastside for more than a year now. Well, the time is here and it all happens next week. The move will make our lives more convenient but it won't change our lifestyle much so the adjustments should be minimal. We updated our existing home to sell and renovated our new home all at the same time. It was quite a job. I should pay Mary separately for all her work but if I had to pay her fair market value there were be no proceeds from the sale!

I hope you enjoy this month's newsletter and I hope you will forward it to your friends, family, and colleagues who may be thinking about buying a home in the Upstate. All my best, Keith (864-420-0262)

June Market Update  

The number of transactions in June (1237) was up by .4 % compared to May last year. The level of activity remains at record levels and although it's beginning to level off I expect there to be continued price pressure at the entry and move up price points, but I also expect the upper end of the market to flatten in most areas, with a couple of exceptions. I say prepare for the baby boom sell off. 

   

1. Cumulative Statistics 

 

2. May MLS Statistics

 

3. Year to Date MLS Statistics   

 
  
 
We at The Buyer's Broker believe the more you know, the more you will want The Buyer's Broker of Greenville to represent you in your next real estate transaction.
The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent. However, our survey was conducted before investors drove Treasury yields sharply lower in a reaction to the surprisingly weak CPI release. If that drop in yields sticks, mortgage rates are likely to follow in next week's survey.
  • 30-year fixed-rate mortgage (FRM) averaged 3.91 percent with an average 0.5 point for the week ending June 15, 2017, up from last week when it averaged 3.89 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent. 
  • 15-year FRM this week averaged 3.18 percent with an average 0.5 point, up from last week when it averaged 3.16 percent. A year ago at this time, the 15-year FRM averaged 2.81 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.15 percent this week with an average 0.5 point, up from last week when it averaged 3.11 percent. A year ago at this time, the 5-year ARM averaged 2.74 percent.
The decision to install prefinished hardwood floors or site finished hardwood floors can be challenging and like most decisions it has Advantages and Disadvantages. I think the right decision depends on your personal preferences and circumstances. When I'm viewing property most of my clients can't tell the difference until I explain it to them and they see a number of examples of each. The durability and look of site finished floors is always my personal preference but they are more expensive and sometimes it's not practical to install them since it takes more time and effort. Here's a Link with an analysis of both.
Searching for homes online can be frustrating and time consuming. You can learn more about the Upstate real estate market in a phone conversation with me than you can learn surfing the internet for days, weeks, and months. If you would like to know exactly what the local market has to offer and the who, what, where, when, and why about purchasing a home in Greenville, call me today!

House Plans Radio Show 

Listen to me on the radio every Saturday morning on House Plans. "House Plans" airs live on WORD, 106.3 FM locally from 8:00AM until 9:00 AM. JD Nelson, Chris Roberts, (Countybank Mortgage) and I discuss local, state, and national real estate issues along with a variety of mortgage topics. The debate is lively and callers engage the hosts with local real estate questions. You'll learn all about the current real estate and mortgage market.
Click Here to Listen a Recent Show