Home prices in the United States were around 2.9 times a buyers income from 1985 to 2000, in a study reported on Zillow.com
The study conducted by Zillow.com reviewed the “Relationship between local incomes and home values over time, pinpointed the historic norm, and compared today’s price-to-income ratio.”
The ratio changed over the last decade where home prices [...]
For a 30-45 minute commute you can find yourself on an acre of land in a new or newer home custom built to suit your needs at a price that might be unheard of in town. Builders and developers have bought land and developed new neighborhoods further from the city core for as long as I [...]
Do you qualify for the Federal Housing Tax Credit? I am an agent in Raleigh, NC and I represent some buyers that do and some buyers that don’t. This is one of my stories. [...]
The Federal reserve (Fed) has confirmed their position that it plan to stop purchasing mortgage backed securities after March, 2010. The Fed has been buying these securities since January, 2009 to keep the housing market from sinking to lower levels. The Fed’s actions have helped keep interest rates at historic lows during a very critical time for the [...]
AAAAAAAAAAAHHHHHHHHHH!
Tension breaker, had to be done. Now that we have that out of the way, I heard this from a caller today that was interested in one of my listings. I almost had to tell them to hang up and call 911 because she was confused to a point I was concerned for her.
First time home buyers [...]
Washington, D.C.based home finance giant Fannie Mae is offering up to 3.5% of the selling price to home buyers for closing expenses. Fannie Mae hopes the incentive will help deplete the inventory of foreclosed homes it has accumulated.The credit is also available for buyers to use for their choice of new Whirlpool appliances providing an opportunity [...]
Renting may seem cheaper than buying a home, especially in an uncertain market. However, rents will increase over time due to multiple factors, inflation being one. Raleigh is already seeing an increase in rental demand and according a story from the Triangle Business Journal yesterday, Raleigh rental rates are leading the charge. in U.S.
“Despite a slight [...]
If rates are currently 5% but you wait to purchase a home until next year and rates are 6%, the extra point would cost you approximately $45,000 over the life of a 30 year loan. [...]
So what can you find for about $80,000 in Raleigh and the surrounding towns? [...]
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Did you know that on-line home valuation monster Zillow.com has a chief economist? I like that they do because I feel opinions like his are market driven and not reports written for stock analysts.
Read New Homebuyer Tax Credit Proposal: Impact on the Housing Market by Stan Humphries. In his post he [...]
Stalk Jason