Economist say we are seeing some action with first time home buyers. For the economy to rebound it has to start with the housing market, so can first time buyers boost the market or are there too few options available for this to happen? Also with lower housing prices, what do you need to do as a seller to make sure your house sells in this first time buyer’s market?
Mortgage rates and housing prices run on different cycles, but they are somewhat related. However, coordination between the two cycles got somewhat out of synch over the past week:
From a potential home buyer’s perspective, it has been possible to sit back over the past year and watch prices steadily get cheaper. However, the tick up in mortgage rates could signal a call to action — it might be best not to wait too long before getting a mortgage.
Beverly Hills Real Estate Broker Connie De Groot talks with Neil Cavuto about the luxury home market and how it is holding up in light of the recent housing slumps. If the “rich” continue to buy and sell, will the market be spared from further falls?
Being bombarded by the constant (and mostly negative) news on the mortgage industry, many of us are viewing home purchase as a topic not for discussion; however, that approach may not be right for everyone.
The housing market has changed throughout the nation and some areas have been significantly more impacted than others. These fluctuations, on the other hand, have opened up potential opportunities to some buyers who are able to take advantage of the lower housing prices, decreased demand, and their fairly good credit score.
Custom stone counter tops. Professional grade stainless steel appliances. High end bath renovations worthy of a five star spa. Although luxurious upgrades appeal to homeowners, the surplus of homes on the market has changed the focus of many buyers, who seem less impressed with high end features than in recent years.
