Americans Showing More Desire to Buy

Americans Showing More Desire to Buy

DAILY REAL ESTATE NEWS | TUESDAY, APRIL 02, 2013

The percentage of U.S. residents who say owning a home is an essential part of the American dream has hit a three-year high, reaching 79 percent, according to the CNBC-All-America Economic Survey. What’s more, the number of Americans who say it is better to own than rent grew by four points to 69 percent, according to the survey. 

More Americans also believe owning a home is a better long-term investment than stocks. 

“The housing numbers are all heading in the right direction,” reports Diana Olick for CNBC. “Home prices up, foreclosures down and, perhaps the most important, consumer confidence in housing is swelling.” 

Still, first-time home buyers will be the “wild card” in the spring-summer home buying season, says Thomas Popik, research director for Campbell Surveys. “We see strong first-time homebuyer traffic, but it’s still not clear that the traffic will translate into increased purchases because first-time home buyers are dependent on low downpayment financing, such as FHA mortgages.” 

Source: “People Are Becoming More and More Confident in Housing Market,” CNBC (April 1, 2013)

Neal Buckner, Broker/Owner, REALTOR®,

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Casa Grande Home of the Week - 120 E Pebble Court, Coyote Ranch, Casa Grande, AZ

Casa Grande Home of the Week

120 E Pebble Court, Coyote Ranch, Casa Grande, AZ

Price Improved!!!!!

Custom Built Home on Cul-de-sac in Coyote Ranch Subdivision. This 3 BR 2 BA home sits on over 1/4 acre lot giving you plenty of room for RV and all your toys. Upgrades include, french doors in living room to the extended patio, kitchen comes with all appliances, gas stove top, granite countertops, guest bathroom has been beautifully updated with tile countertop and bathtub surround, beautifully tiled throughout home except master bedroom, large washroom with new built-in cabinets, sound barrier insulation in master, extended patio w/spa hook-up off master bedroom, built-in light posts w/auto on/off lighting system. This is a must see!

 Neal Buckner, Broker/Owner, REALTOR®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com

Mortgage Rates Hold Steady This Week

DAILY REAL ESTATE NEWS | FRIDAY, FEBRUARY 15, 2013

Fixed-rate mortgages stayed mostly flat this week, remaining near their record lows and continuing to support housing demand and “translating into a pick-up in home prices in most markets,” says Frank Nothaft, Freddie Mac’s chief economist. 

Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 14: 

• 30-year fixed-rate mortgages: averaged 3.53 percent, with an average 0.8 point, holding the same average as last week. A year ago, 30-year rates averaged 3.87 percent. 
• 15-year fixed-rate mortgages: averaged 2.77 percent, with an average 0.8 point, also holding the same as last week. Last year at this time, the 15-year fixed-rate mortgage averaged 3.16 percent.
• 5-year adjustable-rate mortgage: averaged 2.64 percent, with an average 0.6 point, rising slightly from last week’s 2.63 percent average. Last year at this time, 5-year ARMs averaged 2.82 percent. 
• 1-year ARMs: averaged 2.61 percent, with an average 0.3 point, rising from last week’s 2.53 percent average. A year ago at this time, 1-year ARMs averaged 2.84 percent. 

Source: Freddie Mac

 Neal Buckner, Broker/Owner, REALTOR ®, CDPE

Elite Real Estate Pros

(520) 705-1798 Cell (520) 280-2766

Email: info@eliterealestatepros.com