Tag Archive | Home Ownership

Nationwide Open House Event Kicks Off This Weekend

This weekend, real estate agents throughout the country will participate in the 2011 REALTOR® Nationwide Open House event during what is typically considered prime buying season for those in the market for a new home.

One of the main goals of the weekend – in addition to spotlighting homes for sale – is to increase awareness about the benefits of home ownership for potential buyers. Locally, many open houses will be held both on Saturday, June 4 as well as Sunday, June 5. Click here for a list and maps of open houses which will be taking place this weekend.

According to a National Association of Home Builders report, home affordability recently reached its highest level in 20 years, signaling a great time for buyers to take advantage of the significant purchasing power available to them.

For more information about the open houses taking place this weekend or to schedule an appointment with one of our agents, please contact us.

Source: REALTOR® Magazine | Full Article

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Mortgage Rates Reach 2011 Low

According to Freddie Mac, the 30-year fixed-rate mortgage – a popular choice among buyers – dropped for the fourth consecutive week to 4.63 percent. This is the lowest the 30-year rate has been this year.

These falling rates have resulted in an increased number of mortgage applications being filed. The Mortgage Bankers Association reports that applications have increased 8.2 percent this week compared to the prior week.

With mortgage rates hitting a yearly low, now is a fantastic time to purchase a home! Contact one of our agents for more information.

Source: REALTOR® Magazine | Full Article

Mortgage Rates Match Yearly Lows: 30 Year – 4.71 Percent

According to a recent Freddie Mac report, the 30-year fixed-rate mortgage – one of the most popular choices among buyers – sank to 4.71 percent this week, matching the lowest rate of the year.

“Weaker economic data reports reduced Treasury bond yields and allowed mortgage rates to drift lower for the third consecutive week,” said Frank Nothaft, Freddie Mac’s chief economist.

With mortgage rates dropping to yearly lows and the spring market in full swing, now is a great time to purchase a home! Contact a Keller Williams Signature Partners agent today for more information, or click here for our property search!

Source: REALTOR® Magazine | Full Article

Tips to Revitalize Your Yard For Spring

Are you trying to reverse the damages caused by the harsh winter weather in your yard? If so, a recent articled posted at CNN Money may provide some useful tips for you to get your yard ready for spring! Please read below for the first tip, then check out the rest of the article by clicking here.

Brown patches

The cause: Rock salt used to melt ice from roads, driveways, and pathways has gotten onto nearby grass or the bottom of shrubs and trees, often sprayed there by passing cars.

The fix: Even if you’ve already had plenty of rain, give affected areas several good soakings with a hose: The soil needs extra water to dilute the salt. If the brown parts haven’t greened up by summer, cut them off.

“Typically the entire plant won’t have to go unless it is completely brown,” says David Dailey, president of Birchcrest Tree and Landscape in Rochester, N.Y.

The plant is done for? Replace it with a salt-tolerant species; ask a local nursery for recommendations. If grass doesn’t survive, scrape away the dead patches and reseed.

The cost: Nothing unless you replace the plant. Young specimens don’t cost much. A five-pound bag of grass seed — enough for spot coverage — runs about $15.

For more tips on staging, landscaping, and more, contact us today!

Source: CNN Money | Full Article

Rise in February Pending Home Sales

According to the National Association of REALTORS®, pending home sales increased in February with notable regional variations.

The numbers are based off of the Pending Home Sales Index, a forward-looking indicator.

February hit 90.8 percent, up from 88.9 in January.

Although this month-to-month trend is promising, NAR Chief Economist Lawrence Yun said that it is more important to look at the broader trend for housing recovery.

“Month-to-month movements can be instructive, but in this uneven recovery it’s important to look at the longer term performance. Pending home sales have trended up very nicely since bottoming out last June, even with periodic monthly declines.”

– Lawrence Yun, NAR Chief Economist

Yun also said we may not see notable gains in existing home sales in the near-term. However, numbers are expected to rise 5 to 10 percent this year with the economic recovery, job creation, and excellent affordability rasing buyer confidence.

Interested in buying or selling your home? Contact us today for more information!

SourceREALTOR® Magazine | Full Story

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