House on pile of money
The winter weather may be here but its temperatures are not discouraging homebuyers! According to a recent 4th quarter survey by Homegain.com 24% of Realtors believe that home prices will increase in the next 6 months. Applications for home purchase loans soared 42% earlier in December. Mortgage rates are still close to historic lows, 4.9 percent on average for 30-year fixed and 4.3 percent for 15 year fixed. With the economy gaining a little momentum, interest rates have begun edging up again showing signs of the market improvement. Lets not forget that NAR’s very own Realtors Confidence Index showed that 39% of recent buyers purchased a home with a Federal Housing Administration-insured loan. The number of homebuyers is also higher than usual at the moment due to the Federal Tax Credits available. Locally sales for November 2009 are higher than November 2007 211 homes and 41 condos were sold. All part of the general shrinking in inventory! Some areas of the country have already experienced price rises. If you want to take advantage of market conditions before prices increase then get in contact today! Click here to search Ann Arbor Real Estate using our complimentary Ann Arbor Real Estate MLS Search service. Alternatively please contact Kathy Toth and the team if you need more specific assistance in your Ann Arbor Real Estate needs. Find out what your Ann Arbor Area Home is Worth Search all listings in Michigan with pictures and tours...Free! Your Home Sold Guaranteed Kathy Toth & Team: Ann Arbor Area Real Estate Experts www.KathyToth.com Ann Arbor Market Center Keller Williams Realty