Rates can not be predicted with 100% accuracy but most experts agree that rates will trend upward in 2015.
Filed under Home Buying (For Buyers), Mortgage Info
There are some who are calling for a substantial drop in home prices should mortgage interest rates begin to rise rapidly. Intuitively that makes sense. The cost of a home is determined by the price of the home and the price of financing that home. If mortgage interest rates increase, less people will be able to buy. The logic says prices will fall if demand decreases.
However, history shows us that this has not been the case the last four times mortgage interest rates dramatically increased.
We will have to wait and see what happens as we move forward. But, a fall in prices should rates go up is not guaranteed.
There is no doubt that the housing market has recovered from the meltdown that occurred just a few short years ago
However, in some states home values still have not returned to the prices we saw in 2006 and 2007. Here is a breakdown showing where current prices are in each state as compared to peak prices.
According to Freddie Mac’s latest U.S. Economic & Housing Market Outlook, U.S. home sales in 2015 will show increase to the numbers associated with a normal real estate market. Here is their projection:
“We are projecting a 4 percent rise in sales to 5.6 million, which would mark the highest level of annual sales since 2007.”
And their optimism was seconded by both the National Association of Realtors (NAR) and the Mortgage Bankers Association (MBA).
It seems that an improving economy and jobs market will mean a very healthy housing market.
Gena Glaze
IN A NUT SHELL: Availability of mortgage credit has increased, The minimum credit scores needed to qualify for a mortgage has decreased and Mortgage Rates are Predicted to Rise!
Nexton’s Brighton Park Village is scheduled for a grand opening this spring. Below are the homebuilders and collections that have just been announced;
One Step Closer!
Filed under Home Buying (For Buyers), Places, Properties, Stories, News & Events
During the financial crises The Fed began buying long-term securities — Treasury bonds and mortgage-backed securities — which helped reduce long-term rates, especially mortgage rates. The Federal Reserve has just announced that they will end bond purchases but pledged to keep it’s benchmark short-term interest rate near zero for a “considerable time”.
Filed under Home Buying (For Buyers), Mortgage Info
We are proudly participating in the U.S. Military On the Move™ program that offers discounts to Military members.
MEMBERS THAT QUALIFY FOR DISCOUNT; 1.All active duty military personnel of all the armed forces and Coast Guard 2. All retired military personnel (20 years) 3. All military personnel designated as wounded warriors status
BENEFIT; The discount is 20% of commissions earned on the functional side of which the member participates. The discount is typically in the form of a cash rebate (depending on the lender’s guidelines) and Qualified Sellers may opt for a reduction in the list commission.
EXAMPLE; If a qualified member purchased a $200,000 home and the “buy-side” of the commission was 3%, the member would receive a $1,200 reward. Alternatively, If a qualified seller sold their home for $200,000, they could feasibly save $1.200 on the listing commission.
This is an awesome reward for military members!
We are proud to support our military! Please contact us for more information.
Looking for an Executive-style home in a Gated Community in the North Area? ….Surprise, It’s tucked away in GOOSE CREEK!
This gated community is located off Welchman Ave. within The Hamlets of Crowfield Plantation. It is a small community of approximately 66 home-sites, surrounded by the golf course with one gated entrance. Homeowners have a code and remote control to operate the private gate. The homes in this neighborhood have brick exteriors and crawl space construction; one story homes are required to have a minimum of 2500 sqft and there is a 3000 sqft minimum requirement for two-story homes. This is a beautiful neighborhood with many custom homes!
The community also enjoys the amenities of Crowfield Plantation; pools, parks, tennis, clubhouse, hiker-biker trails, lake, docks, and RV / Boat storage. There is also a public golf course within the community!
Click To View Homes Available FOR SALE in This Gated Community!
Gated Communiy – The Hamlets – Crowfield Plantation – Goose Creek
We are always available to assist you with your Real Estate Needs! EMAIL ME!
Filed under Home Buying (For Buyers), Places, Properties
The Real Estate activity remains very strong in Cane Pay Plantation and, to add to the desirability, the community will soon have a new phase featuring waterfront properties
WE ARE ALWAYS AVAILABLE TO ASSIST YOU WITH THE PURCHASE OF A HOME!
Filed under Home Buying (For Buyers), Places
Real Estate Matters in Charleston SC - Gena Glaze 