According to Fannie Mae’s May 2014 National Housing survey, the housing market has peaked and there will be a slowdown in activity in 2014. 57 % of the respondents believe the economy is headed in the wrong direction, but 48 % believe that home prices will rise over the next 12 months. In areas such as San Diego county the median home price of $500,000 was 1.83 % higher than April and 7.29 % higher than May 2013, this according to the S.D.A.R.
And now for something completely different: In June of 1971, Philadelphia Phillies pitcher Rich Wise became the only player in MLB History to pitch a no hitter and hit two home runs in the same game.
For more information on a home purchase, refinance, or a reverse mortgage, visit our website at www.ARAMCO.Biz or call me at (877) 700-0942.
This is Mehran Aram with today's ARAMCO Report.