The Philadelphia Inquirer
PHILADELPHIA Spring arrived very early this year in much of the country, bringing what traditionally is the best time to buy and sell real estate, even through the downturn.
Issues of tight credit linger, and median home prices continue to decline, though more slowly. Yet there appear to be enough positive indicators to push once-reluctant sellers into the market.
Among those pluses: record-low fixed interest rates for mortgages and the highest affordability levels since record-keeping began in the 1970s.
For sellers, it is time for real estate theater.
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The median price for a home in the Tucson area stayed level in February, numbers from the Tucson Association of Realtors Multiple Listing Service show.
Last month, the median price – the point where half of homes sell for less and half sell for more – was $125,000, unchanged from January. Still, that number represents a nearly 9 percent drop from February 2011, according to the realtors association’s monthly report.
Inventory dropped a bit in February compared with January. There were 4,560 active listings in February, which is down from 4,840 the previous month. Inventory is also down 34 percent compared with February of last year.
Sales were stronger last month.
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Real estate in Mexico is attracting increasing attention of the global investors. Moreover, the availability of lucrative financing options has added to the attraction of Mexican real estate. However, in order to select the right type of financing option, you should have proper plan in place. Before opting for a mortgage loan, however you should conduct a thorough research, should gather information on various types of mortgage loans, mortgage rates, mortgage refinancing rates etc. H Read full post…
Home prices are down year-over-year but remained stable quarter-over-quarter, Clear Capital said in a recent report.
Clear Capitals Home Data Index (HDI) Market Report, which includes data through the end of February 2012, showed that national home prices fell 1.9 percent year-over-year. However, this less-than-two-percent loss represents the lowest level of yearly decline in more than 10 months.
Home prices across the nation saw light levels of depreciation in February, consistent with the trend we have seen over the last several months, Dr. Alex Villacorta, Director of Research and Analytics at Clear Capital, said in a statement.
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For more details, or a custom home loan quote, contact Sidney Stonecypher at People’s Bank, 360-676-4597 or sidney.stonecypher@peoplesbank-wa.com. Remember that many variables come into play in determining the rate a lender will give a borrower. or to search for homes in the Bellingham and Whatcom County area visit , your one stop Bellingham real estate and community information resource!
Realtors have kicked off a campaign to keep legislators from approving a budget proposal that would reduce the amount of itemized deductions higher-income Marylanders could claim on their state taxes, a move they say would effectively cap the mortgage-interest deduction.
They’re running ads, posting pieces online and organizing a rally in Annapolis Wednesday — with transportation provided from locations across the state — that they hope will draw homeowners as well as agents.
The proposal, part of the consolidated budget bill submitted on behalf of Gov.
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