Take Advantage of Record Low Rates Before They RiseAccording to Freddie Mac, interest rates on both 30 year and 15 year fixed loans fell to new record lows, at 3.89 and 3.16% respectively. Even with a large inventory in residential and investment properties to choose from, sales are still sluggish. The chief economist for Freddie Mac suggests that low interest rates may cause home buyers to hesitate because they may expect them to fall even further, but rising rates which often accompany an improving economy, can give potential buyers a reason to act before rates and home prices become less affordable. Click here for details For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BECE Posted on February 05, 2012 13:18:23 by The Hughes Team
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Housing Crisis to end in 2012Capital Economics expects the housing crisis to end this year, one of the reasons being the loosening credit. The experts say that the market indicators point to a stabilization of mortgage lending standards as well as loosening of available credit. Banks are loosening the loan-to-value (LTV) ratios which Capital Economics sees as the clearest sign yet of an improvement in mortgage credit conditions. Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEC7 Posted on January 31, 2012 17:28:00 by The Hughes Team
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Can you afford a second home?Some tips to help you assess if you are ready to invest in a second home: 1. Look at your income, savings, future expenses, and spending habits to determine what you can afford. 2. Look at your three credit reports. If your credit score needs improving, contact a credit counseling agency or mortgage broker for advice. 3. Create a budget. 4. Consider tax implications such as property taxes, as well as income tax on a rented home.
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For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in
http://www.realestatebyhughes.com/00BEB7 Posted on January 22, 2012 18:17:47 by The Hughes Team
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Modern, floating home in VancouverCheck out this modern, floating home in the Vancouver Marina: Click here for details
For more information on any Colorado Springs Homes For Sale, contact: Colorado Springs Realtors Click here for a Detailed Market Snapshot for any address in http://www.realestatebyhughes.com/00BEB0 Posted on January 21, 2012 10:55:06 by The Hughes Team
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Foreclosures back to 2007 levels in Colorado SpringsInman News reports that lenders foreclosed on homes last year at the lowerst level since 2007. RealTrac stated that 1.89 million homes were involved in some kind of foreclosure related filing in 2011, a 34 percent drop from 2010.
http://www.realestatebyhughes.com/00BEAE Posted on January 20, 2012 10:38:58 by The Hughes Team
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