First-Time Buyers are finding prices for starter-homes rising all over the country but mortgage interest rates are lower than ever, which in some cases, could even the score… maybe not for long. Interest rates on home loans have been low for quite some time now but with the shake-up in the European Union, US financial… Read More
It’s surprising to me, how many people believe that they can not buy a home. With rents soaring, home prices stable, interest rates low, and tax breaks still in place, you have nothing to loose by looking into purchasing a home. In fact I’ve had several clients who called looking for rentals, and were pleasantly… Read More
Foreclosure activity is back to “normal” across much of the nation. Low mortgage interest rates, which were ironically a result of the market crash, likely also play a part in the good health of today’s Real Estate market. First quarter foreclosure activity was below pre-recession levels in 78 out of 216 U.S. metropolitan statistical areas… Read More
We don’t hear as much about Bridge Loans as we used to, and though they were nearly nonexistent for a while they seem to be creeping back into favor. A bridge loan may not be the most financially prudent option, interest rates are higher and the amount of time you will carry the loan is… Read More
Home Equity loans are coming back into favor with most banks. You might consider a home equity to make major improvements to your home, which could ultimately boost your home’s value giving you even more equity. With interest rates still remarkably low, now might be the time to think about making the equity you have… Read More
I never thought of the word ‘normal’ as comforting before. But as it applies to today’s Real Estate market, ‘normal’ is a virtual security blanket for Realtors, home sellers and buyers alike. The statistics in the article below illustrate a Real Estate market that can easily be called normal, maybe even healthy. For comparison’s sake,… Read More
Fixed mortgage rates remained steady, aiding homebuyer affordability amid a tight supply of for-sale homes in many markets, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). Survey results show the 30-year fixed-rate mortgage (FRM) averaged 3.62 percent with an average 0.6 point for the week, down slightly from last week when it averaged… Read More
Note from Bill: Wondering what the median list price is for homes in your area? Average days on market? Which price ranges are moving fast due to low inventory? If you’re looking for specifics on anywhere in the Greater Phoenix area I’d be happy to get you those numbers. I have complete Real Estate market… Read More
In the Phoenix Valley area rents are skyrocketing as investors are selling off their rental homes, it’s a simple matter of supply and demand. With mortgage interest rates still so low we’re finding that it makes much more sense to buy than to rent if there’s any chance at all that you can quality for… Read More
Right now mortgage interest rates are the best I’ve ever seen. As someone who is not a financial expert, I am stunned by another drop in mortgage loan rates. As a Realtor I am thrilled! This bodes well for all of my Buyer clients who are on the verge of making an offer, as well… Read More
