Capitalizing on Lower Interest Rates

Although much of the year has seen record-low mortage interest rates, recent increases could have a profound impact on potential homebuyers.

According to a recent REALTOR® Magazine report, the average rate for a 30-year fixed mortgage increased from 4.46 percent to 4.61 percent last week.

Many industry experts believe that homebuyers will begin purchasing more rapidly as interest rates increase in order to avoid higher payments in the future.

For more information on buying or selling a home, contact us today!

Source: REALTOR® Magazine | Full Article

This Month in Real Estate Video – November 2010

November’s “This Month in Real Estate” video has been released. This month’s edition focuses on the recent increase in existing home sales and how this could be a sign of heightened seller motivation through the fall and winter. Access the video by clicking on the “Play” button below.

For more information on the state of the real estate market, contact us today!

The Nation Agrees: Now is a Good Time To Buy

A recent housing survey conducted by Fannie Mae found that 70 percent of Americans believe now is a good time to purchase a home, a number up from 64 percent in January.

The same survey also found that Americans believe the price of rentals will rise by roughly 3.6 percent on average while home prices will rise only 0.9 percent.

One possible explanation for these findings is continued low interest-rates, which have allowed for many potential homebuyers to make the decision to purchase a home.

Source: Realty Times | Full Article

This Month in Real Estate Newsletter – October 2010

October 2010

October’s edition of the “This Month in Real Estate” newsletter has been released. Topics covered in this edition include the housing market’s recovery from the first-time homebuyer tax credit, a comparison of home sales from 2009 to 2010, mortgage rate information, and much more.

Please click here to access the newsletter. Also, please click here for the This Month in Real Estate video for October.

Contact us if you have questions on buying or selling your home!

7 Reasons Why Now is a Great Time To Buy

Doom and gloom has dominated news concerning the real estate market ever since the expiration of the $8,000 first-time homebuyer tax credit. But why is this the case? Home prices are low, mortgage rates are lower, and the market is primed for consumers to take advantage of home ownership.

On that note, Keller Williams has provided a free e-book for consumers outlining seven reasons why now is a great time to purchase a home, including the first 3, noted below:

1. Homes have never been more affordable.
2. Mortgage rates are at rock bottom and won’t stay there forever.
3. Prices are trending up.

The final four reasons – as well as additional explanation of each – can be accessed by clicking here or on the image above.

When you are ready to begin the home search process, contact us!