Greetings from Jennifer
Ross - Realtor
looking forward to the 4th of July with plans for a barbecue, bike
ride and fireworks! In my family all you have to do is break
out the bottle rockets and sparklers and the boys/men absolutely come
ALIVE! We did have a recent practice session that got a little
carried away. The women all dove behind patio furniture while
the boys/men cheered each other on. Happy 4th of July!
News and Views
believe this is a great time to buy a house. "Nearly two-thirds
of Americans surveyed believe now is a good time to buy a home. We
hope federal and state lawmakers recognize this pent-up demand and
enact policies that foster prudent homeownership," said Kevin
Schneider of Genworth. The report also said 87 percent of people who
bought their first home in the past 12 months expected to easily meet
their mortgage demands in the coming year.
A new survey on consumer confidence by the The Discover U.S. Spending
Monitor found 26 percent of people rate their personal finances as
good, a slight increase from April. Also, 77.7 percent of households
making $75,000 or more annually said they would have money left over
after paying bills, the second highest figure ever recorded.
Annual Happiness Index from the Harris Poll finds 81 percent of
Americans say they are either very satisfied for fairly satisfied
with their lives. Relationships with friends bring the highest level
of happiness (93 percent), while family affairs are also elating (91
percent). Only 33 percent say they engage in hobbies or pastimes they
enjoy. When asked "how satisfied are you with your life nowadays?,"
women (83 percent) seemed happier than men (79 percent).
Case-Shiller Home Price Indices -- which measure the price trends in
20 major metropolitan areas including San Diego -- rose by 0.4
percent in April. "The numbers show that much of the improvement
reflects the beginning of the spring-summer homebuying season"
said David Blitzer of S&P.
7 Reasons To Buy A House
you're planning to buy a house right now, the next few months may be
the best time to buy. Waiting for both housing prices and interest
rates to fall may not be a good strategy for potential homebuyers
since analysts don't expect any significant declines in these two
most important home-buying factors. Here's nine real estate trends
that suggest you should get into the housing market sooner than
Housing Prices in Years Nobody knows when the housing market will hit
bottom, but prices are at their lowest in several years and may soon
start inching back up again. So buying now or in the near future may
be the right time. An abundance of bargain-priced housing is now
available because of foreclosures and falling prices.
at a 50-Year Low Interest rates are near a
50-year low, according to housing analysts. By the second week of
May, 2011, 30-year fixed mortgage rates had fallen to their lowest
rates of the year at 4.63%. Although mortgage rates vary from day to
day, the 30-year rate at this level is an attractive inducement to
first-time buyers, or buyers who want to either move up to larger
residences, or others, including many empty-nesters wanting to sell and
move to smaller houses or condos.
Expected to Go Up As the economic recovery
gains momentum, interest rates are expected to increase, making
mortgages more expensive. Even a half-percent increase in mortgage
interest can add a hundred dollars or more to your monthly payments,
depending on the amount of your loan.
Payment Mortgages Available Low-down-payment
financing through Federal Housing Administration-insured mortgages is
available as an additional inducement to buy a house now. Down
payment minimum requirements also fluctuate and may increase as the
market heats up, so potential buyers with less cash to consummate a
deal may be well-advised to buy now.
No-Fee Mortgages Many banks and other lending
institutions are waiving mortgage loan generation and other fees and
points (each point represents 1% of the loan amount), thereby
reducing the cost of buying.
Eager to Sell, Offer Incentives Home builders,
competing with the resale market, are offering incentives to
potential buyers to reduce their inventory of unsold new homes.
Incentives may include cash for furniture or free refrigerators,
washers and dryers. Specific demographic groups, including military
personnel, police, firefighters and health-care workers, have been
targeted by builders for special offers. But virtually anyone who can
qualify for a mortgage is likely to get a good deal from a
homebuilder who is eager to sell.
Owners Desperate to Sell Desperate sellers of
existing homes have also been offering attractive inducements to
potential home buyers, including warranties on appliances, air
conditioners and furnaces. Some sellers are even offering cash or
have included furnishings, refrigerators, washers and dryers as a
bonus to potential buyers. With so many existing homes in foreclosure
or underwater - bargain prices are abound in this depressed market.
Video of the Week
Star Spangled Banner Sung By 7 Year Old
A father brought his 7 year old daughter Rhema
Marvanne into a recording studio, and she belts out the Star Spangled
Banner with an amazing sounding voice!
You have to
love a nation that celebrates its independence every July 4, not with
a parade of guns, tanks, and soldiers who file by the White House in
a show of strength and muscle, but with family picnics where kids
throw Frisbees, the potato salad gets iffy, and the flies die from
happiness. You may think you have overeaten, but it is
always, feel free to give me a call 800-913-7677 with your real
estate needs. I appreciate your referrals.
22 years in
Real Estate sales
Serving all of San Diego
15 yr fixed: 3.83%
Join My Mailing List