Thursday, February 18, 2010
Monday, February 15, 2010
Good News from the National Association of Realtors
The NAR reports that prices are stabilizing and that existing home sales were up in the fourth quarter of 2009, jumping 13.9% to a seasonally adjusted annual rate of 6.03 million. The NAR also noted that distressed properties accounted for 32% of fourth-quarter transactions, down from 37% a year ago.
Of course, we know that all real estate is local, so individually the national figures may or may not apply, but there is a psychological benefit to seeing an aggregated improvement in markets outside our own.
Improvement, though, is not the word we would use for mortgage rates. Yes, rates have held steady in 2010, with movements north or south being measured in a few basis points. But at this juncture, the odds of a significant move north far outweigh the odds for a significant move south.
Of course, we know that all real estate is local, so individually the national figures may or may not apply, but there is a psychological benefit to seeing an aggregated improvement in markets outside our own.
Improvement, though, is not the word we would use for mortgage rates. Yes, rates have held steady in 2010, with movements north or south being measured in a few basis points. But at this juncture, the odds of a significant move north far outweigh the odds for a significant move south.
Thursday, February 4, 2010
Thinking of Buying or Selling a Home?
Opportunities for Everyone!
- First time home buyers! Ask me how to get an $8,000 tax credit!
- Sellers Thinking about selling? Take advantage of the $6,500 tax credit. Allow me to do a fre comparative market analysis on your home and show you how to get top dollar.
- "Short Sale" Sellers? Upside down on the mortgage of your home? Don't worry I have solutions.
- Foreclosures and Best Value Properties! looking for a bargain property? I can help you find the place you're looking for!
- Investors Ready to make your money work for you? Invest in vacation rentals in the Outer Banks of NC!
You're not alone. I work with you and share your goals!
Call 757-816-7000
Wednesday, January 27, 2010
Those Who Wait Will Pay Thousands More This Spring
The rates are still low but things will be changing this spring. FHA guidelines have loosen up for the investor to pick up properties and resell them within 90 days. That free's up these properties to be purchased by first time home buyers or anyone who qualifys.
There are still incentives and home sales are up. Are you thinking about buying or selling. Call me if you want to discuss the market. There are opportunities for everyone and we can work through the steps to reach your goals.
Just give us a call. 757-816-7000
There are still incentives and home sales are up. Are you thinking about buying or selling. Call me if you want to discuss the market. There are opportunities for everyone and we can work through the steps to reach your goals.
Just give us a call. 757-816-7000
Tuesday, January 26, 2010
Calling all Investors
FHA has loosened up guidelines so that investors can purchase and flip property. Call me for more details.
Wednesday, January 20, 2010
Tuesday, January 5, 2010
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