Existing home sales rose in September 2010, affirming that a sales recovery has begun, according to the National Association of Realtors. Existing-home sales, which are completed transactions that include single-family, townhomes, condominiums and co-ops, jumped 10.0% to a seasonally adjusted annual rate of 4.53 million in September from a downwardly revised 4.12 million in August, but remain 19.1% below the 5.60 million-unit pace in September 2009 when first-time buyers were buying in anticipation of the initial deadline for the tax credit last November.
Could the housing market be in its early stages of recovery? Homes are very affordable, interest rates are at their lowest in history and savvy buyers with decent credit and stable employment are starting to pay attention to one of the biggest opportunities of building wealth over a long term.
With the low interest rates the median monthly mortgage payment for a recently purchased home is several hundred dollars less than it was five years ago. Many buyers are now paying less on thier mortgages than their rent. Use my Mortgage calculator http://www.owasso.com/realty/calculator.htm to figure your house payment at 4.375% and see for yourself. Email gilda@greatertulsa.com and ask about 3 - zero down payment programs currently available for first time homebuyers. Combine this with the seller assisting you with your closing costs and PRESTO you can now buy a home for less than your rent deposit..
Could the housing market be in its early stages of recovery? Homes are very affordable, interest rates are at their lowest in history and savvy buyers with decent credit and stable employment are starting to pay attention to one of the biggest opportunities of building wealth over a long term.
With the low interest rates the median monthly mortgage payment for a recently purchased home is several hundred dollars less than it was five years ago. Many buyers are now paying less on thier mortgages than their rent. Use my Mortgage calculator http://www.owasso.com/realty/calculator.htm to figure your house payment at 4.375% and see for yourself. Email gilda@greatertulsa.com and ask about 3 - zero down payment programs currently available for first time homebuyers. Combine this with the seller assisting you with your closing costs and PRESTO you can now buy a home for less than your rent deposit..
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