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Existing-Home Sales Rise 1.5% in September as Falling Mortgage Rates Boost Demand

September saw a boost in sales of previously owned homes. Existing-home sales increased by 1.5% month-over-month in September, according to the National Association of Realtors®—and a 4.1% increase year over year.

“As anticipated, falling mortgage rates are lifting home sales,” said NAR Chief Economist Lawrence Yun. “Improving housing affordability is also contributing to the increase in sales.”

The current mortgage rate has been hovering on the lower end of 6% with the new weekly rate for a 30-year fixed mortgage set to be announced by Freddie Mac today.

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My NEW Listing

3 Bed 2.5 Bath

2200sqft

$1,175,000

A truly stunning House. So much more than you expect. The upgrades alone show how well this home has been maintained and loved.

Whole house was painted inside and out

New Roof 2023

New furnace – to be installed during escrow.

All windows have elevated craftsman

farmhouse frames.

Double Hinged Windows

9’ La Cantina Door

New Flooring upstairs

New 3,100 BTU heated gas fireplace/furnace

Tankless water heater

All new toilets

Whole house had Copper Plumbing installed.

Remodeled guest bathroom upstairs.

Ceiling Speakers downstairs

New epoxy garage flooring

Washer & Dryer - convey, 5yrs old.

Garage was painted

New deck in backyard

New equipment for Swim/Spa

Culligan Water Softener can stay or go – Monthly charge $67.11

Contact me for more information

-I by Work By Referral-

Ask Homes.com: How to evaluate an HOA before you buy a home

A reader wants to know whether it's normal for assessment fees to nearly double

Many residences are part of neighborhoods loosely governed by a homeowners association, or HOA, comprising a handful of owners responsible for the management and care of the community. The groups assess periodic fees to cover maintenance of common areas and other community needs. HOAs are the topic of today's column.

The question was edited for length and clarity.

Q: I purchased my condo in 2017 and had HOA fees of $525. Now they are up to $970. I’m still not sure what I could have looked for in the HOA packet to warn me. So, what should you look for in a healthy HOA? What are red flags to pass on a property with a bad HOA? — Terry

A: Associations collect monthly or quarterly fees to manage commonly shared spaces and services — think landscape management, trash pickup, parking lot maintenance and lighting. While residents pay far more in the largest metropolitan areas, the average condo and HOA fee is about $135 per month, according to 2024 U.S. Census Bureau data.

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Lighting is a Must!

Lighting is crucial for selling a house because it makes a home feel larger, brighter, and more welcoming, creating a positive first impression that can lead to a faster sale. Strategic lighting highlights key features, improves the appearance of finishes and colors, and can convey that the home is well-maintained. Good lighting influences a buyer's mood and perception, while poor lighting can make a home seem dated and unwelcoming.