Thursday, February 25, 2010
Ever wonder how many homes are owned free and clear in the United States? The answer is very surprising. According to the Unites States 2005 census, app. 33% of all homes in the United States do not have any mortgage whatsoever. So 1/3 of the homeowners are not worrying at all about being "underwater" on any home loan in any event. If you think about it, there are a lot of homeowners who also owe less then 50% of the value of their home to the bank so things are more secure then you may thought.
Friday, February 19, 2010
According to MLS statistics, there were 22% more residential sales inside the city limits of Paso Robles then inside Atascadero in 2009. Right now there are 13% more homes on the market in Paso then Atascadero. Both towns claim a population of app. 29,000 people.
Friday, February 12, 2010
Real Estate sales in Northern SLO County were up 22% in January 2010 over January 2009! This is the 8th straight month of increases. I think we can now say that a trend has developed of the market having bottomed out and in a sustained recovery. However, prices are not rising but that is to be expected because price always lags behind increased velocity in the real estate market. If you have been thinking of buying, you might want to get started to take advantage of this while you can.
Friday, February 5, 2010
In this current economic climate you need every advantage you can get when it comes to your spending, especially when buying a home. There is a little known loan program from Fannie Mae called "HomePath", which can make qualifying easier and allow you to buy more home. Here's how it works: