home values: THERE IS NO BETTER TIME TO BUY A HOME.
- 03/30/11 12:43 AM
The housing market still faces many challenges. High unemployment, foreclosures and other distress sales are keeping negative pressure on prices. This of course is good news if you are looking to buy as low rates and lower prices have brought affordability to record levels.How Affordable? -Since 1963, it has cost an average of approximately 43% of 'per capita' or individual income to finance the cost of a median priced home (20% down payment and prevailing 30 year fixed rate mortgage). Right now, it's only about half of that cost at approximately 22%.Are you holding off on a purchase for fear that … (2 comments)
home values: Let's Give the Buyer an Allowance
- 04/22/09 04:29 AM
Let's Give The Buyer An Allowance Sellers often seem to think that it is a good idea. As a seller, it makes sense to let the buyers make the choice. Your carpet needs to be replaced. It is showing lots of wear. Or perhaps, it is a pretty green. You have always loved it. It goes with your furniture. You know it is not one of today's trendy colors. So, why not give the buyers an allowance and let them pick what they want? That "allowance you want to give them" is a deduction off the price of the house. That … (2 comments)
We will bring you up to date information on Traverse City, MI real estate market as well as activities in the area. Current market conditions are very important when making a real estate decision. I keep current daily on any changes in our market, both on and off water. We are the expert in the region for Veterans who are looking to purchase a home. Being the preferred real estate brokerage for Veterans United Home Loans, we are proud to work with a lender partner who is also an expert in their field when it comes to Veterans.
The housing market still faces many challenges. High unemployment, foreclosures and other distress sales are keeping negative pressure on prices. This of course is good news if you are looking to buy as low rates and lower prices have brought affordability to record levels.How Affordable? -Since 1963, it has cost an average of approximately 43% of 'per capita' or individual income to finance the cost of a median priced home (20% down payment and prevailing 30 year fixed rate mortgage). Right now, it's only about half of that cost at approximately 22%.Are you holding off on a purchase for fear that … (2 comments)
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