Freddie Mac reported that average mortgage rates for 30-year fixed loans hit an all-time low of 4.69% this week after being at 4.75% the week before. This is very encouraging news for buyers in the market today as this represents tremendous savings per month for a typical mortgage. Unemployment concerns still linger though and demand […]
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The U.S. Senate voted earlier this week to approve an extension of the closing deadline for those qualified buyers who are otherwise eligible for the Extended Homebuyer Tax Credit, but who will be unable to meet the June 30th closing deadline. This news would be tremendously beneficial to an approximated 180,000 buyers who were under […] According to a new release by the Joint Center for Housing Studies at Harvard University, the job market will play a critical part to any housing recovery. “If history is a guide, what happens with jobs will matter the most to the strength of the housing rebound,” says Eric S. Belsky, Executive Director of the […] Some economists are speculating that a real problem which may be faced in the future could be a shortage of homes. Right now that certainly isn’t the case and seems the farthest thing from accurate, but behind this line of thought is the real truth of a drastic reduction in new homes being built today. […] The latest statistics released by the Tucson Association of REALTORS© Multiple Listing Service show that Northwest Tucson is the most active area of the market, having the most sales by area and the most active listings as well. Overall sales in the Northwest almost equal that of the next two highest areas combined, with those […] The statistics for May 2010 show that total unit sales are up for the Tucson market, gaining 3.5% over last month and 28% over the May 2009. Another promising statistic for the housing market is the reduction in average days on the market which stands at 66 for May 2010 compared with 85 one year […] When searching for a property it is easy for many buyers to focus solely on meeting their current needs without giving any consideration to the future when they will sell that property themselves. Remember that a house purchase is a large investment of money. Take a moment before you make your final purchase decision and […] Whether you’re selling a home or an interested buyer searching for a new property, the topic of a home inspection is likely to arise at some point. Most people have a general idea of the purpose in getting a home inspection, but often ask the question: Is it really necessary to pay for a home […] Finally! The search for your new home is over, the lending process completed, escrow is closed, and the move-in begins. Amidst all of the excitement, anticipation, and relief it is important to remember that one safety concern which shouldn’t be overlooked is changing the locks on all exterior doors to your new home. This one […] One question heard with frequency is what direction is best for my house to face? The short ambiguous answer is that it depends. Each buyer may have a different preference depending upon their lifestyle, use of the home, and tolerance to temperature. First, a simple fact not to be diregarded is every house will have […] |
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