Wednesday, August 21st, 2019
Equity build-up could be one of the biggest advantages to buying a home. There are two distinct dynamics that take place to make this happen: each house payment applies an amount to reduce the mortgage owed and appreciation causes the value of the home to go up.
Friday, August 16th, 2019
Thank you everyone who came to celebrate with us! We are proud we have served this community for 50 years. We look forward to many more years! July was another busy month in the real estate world. 33 sales compared to 15 sales in January 2019. Inventory continued to increase slightly in August. Although not a major increase, inventory levels are the highest we have seen since 2014. Why the increase? It is hard to pinpoint one factor. One reason we have heard is that some sellers who were postponing selling now feel the market is flattening and think this is the best time to exit. Interest rates have also continued to decline and stay low. They are currently below 4% for a 30 year conventional loan. If you didn’t take advantage of refinancing last time rates were this low, you may want to inquire. Let us know if you would like some names of local lenders. If you have any questions or would like specific information on a listing, please feel free to give us a call.
Wednesday, August 14th, 2019
35% of respondents, in a recent annual Gallup poll that dates back to 2002, identified real estate as the best long-term investment option compared to 27% who identified stocks.