Welcome to the May 11, 2009 edition of real estate market reports. Today’s report features positive housing news from around the country, as well as advice about the current mortgage market.
Housing Report
Tallahassee Real Estate presents Seeing The Good News In Tallahassee Housing posted at Tallahassee Real Estate Blog, saying, “Right now, our graph shows us that we currently have 954 fewer homes on the market than we did one year ago. That is GOOD NEWS for the Tallahassee real estate market. Reduction of the glut of inventory is very important in getting this market back on stable ground.”
Vicki Pedersen presents Riverside CA – Housing Market Report for April 2009 posted at Vicki Pedersen – Riverside CA real estate and houses for sale.
Silicon Valley Blogger presents Cheap Housing Option: Buy A Mobile Home! posted at The Digerati Life, saying, “Thanks!”
The Smarter Wallet presents Bargain Homes In Detroit: Mansions For A Song posted at The Smarter Wallet, saying, “Thanks!”
Local Real Estate Data
Tallahassee Real Estate presents Quick Advice For Home Owners posted at Tallahassee Real Estate Blog, saying, “Right now, there are roughly 1/2 the number of buyers in the Tallahassee real estate market as we would normally see. As a general rule, they are conservative and concerned due to the state of the economy. They are looking for value. Ultimately, they are going to buy the home that is the best value on the day they make their purchase decision… Wouldn’t you if you were buying today?”
Real Estate Market Report
Aaron Hofmann presents Smyrna Vinings Home Market Update – April posted at Atlanta Real Estate|Cobb County Homes for Sale|Smyrna Vinings Homes|H2 Realty.
Tallahassee Real Estate presents Real Estate Appreciation posted at Tallahassee Real Estate Blog, saying, “Much is written about real estate appreciation (or now real estate depreciation) and many points of reference are used to “validate” the rates that are being computed. But I warn you, most references to appreciation are just plain wrong.”
Other Information
Brian McKay presents Option Adjustable Rate Mortgages posted at MonitorBankRates.com, saying, “Option adjustable rate mortgages (ARMs) give you the option of making different mortgage payments each month, including the traditional payment of principal and interest, an interest only payment or a minimum mortgage payment which can be less than the amount of interest due that month.”
Handy Saputra presents How To Identify The Best Home Mortgage Rates posted at Home Loan | Mortgage Resources, saying, “There are many choices for finding mortgage loans. The most common way to finance your purchase of a home is to apply for a mortgage or a loan. It is important that you have identified your capabilities in paying off this loan before you actually commit to a particular lending company.”
Tallahassee Real Estate presents Feedback On Your Real Estate Transaction posted at Tallahassee Real Estate Blog, saying, “A real estate transaction is the single most significant purchase or sale most individuals will make. Accordingly, it is prudent to seek the expertise and experience of agents who can help expedite the process and protect the interests of those involved.”
Handy Saputra presents Facing Foreclosure? An Equity Loan Modification May Be The Answer posted at Home Loan | Mortgage Resources, saying, “It seems that few people have been left unaffected by the poor economic condition of the United States. With the unemployment rate higher than it has been in decades it is no wonder that families are very worried about how they will manage to continue making their mortgage payments.”
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