Posts in category 'Real Estate Market News'
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14
Buying in a Tight Market
You're finally ready to buy. You have worked hard to get to where you want to be and you have a plan. However, part of that plan contains a degree of uncertainty-knowing how long it will take to find the right home. In a tight real estate market, this could take some time. Valuable, precious time so don't waste it!
Patience is crucial to make the best decision possible when selecting a home. The best way to prepare is to make a list of the most important items of the home. Always remember that there will be other buyers with possibly the same list of factors that they want in a home as well. If you aren't the winning bidder for a home, make sure you have a plan in place to continue and don't let a setback discourage moving forward.
Being realistic is also important when home shopping. Not every home will have all of the features you are looking for so make sure you select features that are deal breakers when searching. Seeing a home in person versus an online listing...
23
Did You Know?
Did you know that with a USDA loan you can buy a house without a down payment? Many are not aware of this mortgage product because it is not widely used. These loans are made through the U.S. Department of Agriculture's Office of Rural Development and are to be used to buy a home in what is considered a "rural" area. However, according to the terms of a USDA loan what is considered as "rural" can include many communities that could be considered suburban areas.
Did you know that your credit card balances could be affecting your credit score even if you make you payments on time? Credit cards and any type of revolving credit can affect your score by having a high amount of money owed. It's best to remember to stay anywhere from 30% to 50% below your credit limit. So, even if you are making on time payments, if your card is maxed out this can have a negative...
13
Now is the Time to Buy
We buy new linens in January because of "white sales." We buy school supplies in the summer because "back to school" sales are great. And we buy cars at the end of the model year because we know dealers are willing to negotiate.
Now, home buyers are looking to the real estate market for a good "deal".
Housing prices are starting a steady climb, indicating confidence in the economy and job market.
Mortgage rates are at near historic lows. Housing at a good value and low mortgage rates set the stage for singles and families who want a good buy and a good investment.
Housing prices are no longer in free fall
Economists state the housing market is on the comeback. In the final months of 2012, prices of home sales started rising at a pace of more than 7 percent. New home sales also jumped.
According to Fiserv (FISV) Case-Shiller, home prices will increase by 3.3 percent over the next five years. Fiserv reports 2012 wa...
