The summer home-buying season is in full-swing and the weekends surrounding the Fourth of July are busy for open houses. Numerous homes on the market will have their red, white and blue regalia on full display to lure in buyers. And according to some professionals, American homebuyers are attracted to such shows of patriotism.
According to real estate news magazine RISMedia, prideful displays are a pleasant sight to potential home buyers and can get them to check out an open house they may have otherwise skipped. Balloons, banners and signs in the colors of the American flag
Even more appealing to potential homeowners is when a property listing showcases great views of firework displays. According to Zillow, homes with views in general are among the most sought-after features by buyers, so much so that house hunters are willing to pay a premium for one.
Today, conforming no-point 30-year fixed mortgage rates are averaging 4.5 percent, 15-year rates are near 4.0 percent and the 5-year ARM is averaging 4.0 percent.
Do you have a question for Real Estate & Mortgage Analyst Mehran Aram? Submit your queries about a home purchase, refinance, or reverse mortgage via Aramco.Biz, social media (#AramcoReport), or over the phone at (866) 381-8888 and your questions may be featured in an upcoming article.