First Time Home Buyers Tax Credit has been extended to everyone. This should continue to help the home sales all over the country.
See the full story Click here
First Time Home Buyers Tax Credit has been extended to everyone. This should continue to help the home sales all over the country.
See the full story Click here
Posted at 10:00 AM | Permalink
More homes are selling, which is reducing the inventory of homes for sale, this will help stabilize the housing market and along with lower interest rates should help home values start to increase although slowly.
Posted at 10:26 AM | Permalink
Overall homes price across the nation went up for the third straight month. Phoenix went up 1.8%. Is the economy getting better? Interest rates are extremely low. If you're looking for the bottom, don't look much further. Next watch for inflation, that's normal after a recession.
Click below for the full story.
Posted at 12:36 PM | Permalink
There's more good news about the housing market. One of the key indiators is the Standard & Poor's/Case-Shiller home price index. Case is saying for the first time in two years, it's a good time to buy. I've done more than a dozen deals this summer and prices do seem to be stable.
Posted at 08:35 AM | Permalink
There's a lot of confusion about the first time home buyers tax credit and I think this article clears it up.
Contact me at Chris@RooPhoRealty.com or www.PhoenixAZUrban.com
Posted at 11:46 AM | Permalink
Just as expected, the Federal Tax Credit that is due to expire on November 30th has helped sell new and existing homes. Many in the housing industry are hoping the Tax Credit will be extended and wondering home sales will slip if it's not. If home sales decline that could mean more reduction is value.
Read the whole story here. Click here
Contact me for more information.
Posted at 07:35 AM | Permalink
A new study suggest that many people are willing to pay more for a home if the neighborhood is "walkable". Now that Phoenix has joined the 20th Century with a new Light Rail (nevermind the 21st Century, we'll get there in about 91 years), I do think locals are wanting to move downtown. With the price of gas not going down and traffic not getting much better, it seems a lot of people are calling me asking about moving into the city. Not to mention, with the housing prices near record lows and interest rates right there with them, it's a great time to buy. And the forecast, prices will stay low for 18 to 24 months if you ask me, but they will go up a bit, although maybe a small bit, faster in the Urban areas especially if they are walkable to the light rail.
See the whole story here http://moneyfeatures.blogs.money.cnn.com/2009/08/22/putting-a-price-on-walkability/
Contact me at Chris@RooPhoRealty.com or my website at www.PhoenixAZUrban.com
Posted at 10:12 AM | Permalink | Comments (0) | TrackBack (0)
National home prices went up 2.9% in the 2nd quarter of this year. That's an increase for the first time in 3 years. So does that mean we hit bottom and are starting to go back up. Maybe. But be careful, by all reports we still have a very fragile economy. The First Time Home Buyer Federal Tax credit is taking some of the credit. Low interest rates are helping too. Only 2 cities in the nation reported declining values and that was Las Vegas and Detroit.
Posted at 08:39 AM | Permalink | Comments (0) | TrackBack (0)
CNN.com reported the National Assocation of Realtors said July hit a new record for existing home sales since they started keeping records in 1999. This is supporting many who think the home sales will continue to improve. Many people are trying to cash in on the $8000 Federal Tax Credit and historically low interest rates.
Read the full story here http://money.cnn.com/2009/08/21/real_estate/home_sales_rise_in_July/index.htm?postversion=2009082110
Posted at 01:46 PM | Permalink | Comments (0) | TrackBack (0)
I'm selling mostly foreclosed homes and condos. Those are the best deals if you want to occupy the home or use it as a rental. Think about it, if you have $100k invested somewhere, are you getting $700 to $1000 per month return on it? I have a lot of clients ...buying homes for cash to get that type of return and 1st timers are getting mortgages to get the Feds tax credit.
Contact me for more information.
Posted at 08:08 AM | Permalink | Comments (0) | TrackBack (0)
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