Realtors are going to sell more houses in 2020 than in any year in the last decade in the Des Moines area. Currently there are more houses under contract (2,708) than there are active houses for sale on the market (2,570). Interest rates are below 3%. If you get a 15 year mortgage, you can get real close to 2%.
What do all of these factors mean to you?
If you are a buyer, you can get your cheapest mortgage, possibly ever. You have more buying power than at any time in recent history.
If you are a seller, your sales price is going up, and buyers don’t need to worry about it because the money is so cheap. You also have less and less competition. We currently ONLY HAVE 2,570 HOUSES on the market. For reference, there were over 4,000 houses on the market at the beginning of 2020.
If you are neither, and you own your own home, go look at what refinancing would do for you. You will be shocked. Look at a 15 year mortgage. Ask your mortgage broker how much interest it would save you to switch from a 30 year mortgage to a 15 year one.
I love doing what I do. I love looking at the market, and I love building relationships with the people I get to help. Let me know how I can help you. Call me today. You can reach me at 515.639.0047 or RyanLynch@KW.com. I am good at what I do, and I want to help you.
~Ryan Lynch
