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ARAMCO Report - Monday June 9, 2014

Posted by Mehran Aram on Mon, Jun 9, 2014 @ 17:06 PM

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.

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Topics: Reverse Mortgage, Aramco Report, and now for something completely different, San Diego, Mehran Aram, Housing Market, Fannie Mae, no hitter, Baseball, National Housing Survey, Phillies, Rich Wise, home run, Mortgage rates, MLB