Should you take a break from looking for that new home?

Nobody wants to see higher mortgage rates, however higher rates don't seem to be slowing down the housing recovery. Pending home sales hit a 6-year high in May, up 6.7% from a month earlier and 12.1% higher than a year ago. What this means to today's home seeker is that NOW is definitely NOT the time to sit back on the sidelines. Increased home sales means less inventory and higher asking prices to go along with those higher interest rates. So if you've you've been casually looking for a new home by perusing housing websites, I recommend you make it easy on yourself and call your favorite Realtor (yes, that's ME). And if you need a great lender referral, I can help! Contact me today:

Carylee Stone

Distinctive Properties

858-344-2632

carylee@stonehometeam.com