In today’s housing economy, values for U.S. condominiums are rising faster than values for single-family homes.
According to the Case-Shiller Index, a national tracker of home values, March 2015 price growth showing a faster rise in values among condos than single-family homes nationwide. Differences are especially stark in New York City.
Fortunately, as for buyers of detached home, buyers of condos are getting low mortgage rates.
30-year and 15-year mortgage rates remain firmly in the 3s, giving today’s buyers a boost in home purchasing power and bestowing home refinance opportunities upon million of U.S. homeowners.
Read the entire article at the Mortgage Reports.