Mortgage Rates

RFC

A Residential Finance Consultant (RFC) is a real estate professional committed to helping buyers and sellers understand the tax advantages and financing alternatives of home ownership. Residential Finance Consultants' training and experience provides solutions to make homes more marketable and help structure a favorable transaction.

Local Conditions

The Elizabethtown area has had a slow but steady increase in real estate activity. The amount of change experienced by most of the country ended in a plummeting loss of property value, while our area held the average property loss to less than 4%!

Home Sales Trend

After rising for six of the previous eight months, sales of existing U.S. homes fell in April, according to the National Association of Realtors, who still blames overly strict lending conditions.

In May the number of homes listed for sale increased by 3.5%. This is the largest monthly increase of the year. Although more homes are being listed, the asking prices dropped.

The rebound in prices seen in 2009 and 2010 was largely due to the first-time home buyers tax credit.