SOUTHFIELD, Mich., Jan. 21, 2016 (GLOBE NEWSWIRE) -- Capital Mortgage Funding, one of southeast Michigan’s largest mortgage banking firms, anticipates new home sales for 2016 will continue to be strong.
“An upward trend that began in early 2012 will continue the trend of hot home sales in southeast Michigan through 2016,” says Harry Glanz, President of Capital Mortgage Funding.
Glanz continues, “We have to be cautious as our region is economically sensitive. However, the last 4 years have been exciting when it comes to first time home buyers entering the market and buyers trading up from their previous homes.”
“This reverses the trend from 2008 – 2011 when we were at the depths of the recession. Home values in some areas have climbed above pre-recession values. While other areas are still struggling to catch up,” cautions Glanz.
“The overall landscape of the home buying market is real strong, coupled with very low interest rates. Buyers and sellers should feel confident this year,” Glanz reiterated.
Capital Mortgage Funding is located at 17170 W. Twelve Mile Road, Southfield, MI 48076 and offers a wide variety of loan programs, including but not limited to Conventional, FHA, VA, USDA/RD, & Jumbo. For more information, call 1-800-LOW-RATE or go online at www.LOWRATEONLINE.com. Capital Mortgage Funding is Powered by Fairway Independent Mortgage Corporation. NMLS#2289. EQUAL HOUSING LENDER.