home prices: Home Purchasing Power Jumps To New Highs
- 07/21/12 12:42 AM
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high. According to last week's Freddie Mac mortgage rate survey, the average 30-year fixed rate mortgage has dropped to 3.62% nationwide. This is down from 4.08% in March, and down from 4.60% from one year ago. Mortgage rates are "on sale". Falling mortgage rates can make one of two changes to the way a Palm Springs Real Estate buyer looks at properties. They can either make a given home's monthly housing payment that much more affordable to a buyer, or … (2 comments)
home prices: Retail Sales And Consumer Confidence Rising, Home Prices Are Expected To Follow
- 02/15/12 10:30 AM
According to the Census Bureau, Retail Sales climbed to $329 billion last month on a seasonally-adjusted basis, excluding automobiles. January's data marks the 18th time in 19 months that Retail Sales rose, a run that's increased total sales receipts by 11 percent. In a separate, joint report from the University of Michigan and Thompson Reuters, it was shown that consumer attitudes toward the economy and the future are improving, primarily the result of recent job gains. The Survey of Consumers posted its highest value in 12 months. It is not a coincidence that Retail Sales and consumer confidence both made multi-month highs … (2 comments)
home prices: Home Sales Continue To Rise In The Palm Springs Area
- 06/29/10 04:06 AM
Now is the time to buy if you are looking in the Coachella Valley region as reports from MDA DataQuick show home sales and prices rose in April and May in this area. And with this being the seventh consecutive month of positive sales and price gains, it is a positive sign for recovery in the market. Thanks to over 1,000 sales in April alone, there was an 8.1 percent increase with nearly a 23 percent jump in price from 2009. While the median price hit $215,000 in April, it slipped to $210,000 in May; which was still 15.7 percent higher than … (5 comments)
With mortgage rates down to all-time lows, you can buy a lot more home for your money. Home affordability is at an all-time high.
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