Tag: mortgages
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Home Prices in Scottsdale Affordable Again?
Today the WSJ.com reports that housing in many markets has returned to affordability levels on a par with levels before the recent bubble. Affordability is a measure of both house prices against average annual family income. Based on data provided by Moody’s Analytics the Journal reports: “During the boom, lax lending and speculation pushed house-price […]
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5 Tips For First Time Home Buyers
I read some interesting statistics from the National Association of REALTORS that first time buyers accounted for 50% of home sales in 2010. With prices now seen as more affordable in most markets some renters who have been on the sidelines for a while are obviously getting into the home ownership market. Here’s 5 tips […]
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Thinking of buying a new home soon? Mortgage rates might be on the rise.
If you are thinking to buy a new home in 2011-2012 it might be a good idea to consider starting the process to lock in a mortgage rate below 5%. According to the WSJ.com “Mortgage rates rose in the latest week, leaving the average rate on 30-year fixed-rate mortgages closer to 5%, according to a […]