“Not now” doesn’t mean “never”

Home ownership is just not a realistic option for everyone right now, despite what may look like once-in-lifetime mortgage rates. If you fall into this category, don’t despair. Your financial circumstances could change, the economy is still very much in flux, and remember that the current mortgage crisis involved a lot of home buyers getting in over their heads. When it comes to a major purchase like a home, timing is critical.

"I like this idea of waiting to time a home purchase to when you are ready...Of course sales agents will tell you practically anything to get you to buy but ultimately you make the decision...So dont feel like this opportunity to purchase a home will not be there when you are ready..that's simply not true."

I would say planning and preparing yourself are the first steps...and then maybe soon you call me..I'm here to help.

Low rates keeping homes affordable

Low rates keeping homes affordable

INLAND REGION: The market is still shaky, but mortgage applications and refinancings are on the rise.

Falling interest rates are fueling a rise in home mortgage applications and refinancings in the Inland region, though experts aren't yet ready to declare the beleaguered local housing market on the road to full recovery.

Virginia-based Freddie Mac, a government-backed corporation that provides mortgage capital to lenders, released a study Thursday showing 30-year fixed-rate mortgages averaging 5.08 percent, down from 5.14 percent a week ago and 6.35 percent a year ago.

For full story, go to http://www.pe.com/business/local/stories/PE_Biz_S_mortgages04.38b40b4.html

"Home prices increase from April to May"

This trend is a simmer coming to a slow boil...

2 hrs 5 mins ago
NEW YORK – A widely watched index shows home prices posted their first monthly increase since the summer of 2006, indicating prices are finally stabilizing.

The Standard & Poor's/Case-Shiller home price index of 20 major cities released Tuesday rose 0.5 percent from April, but was still 17.1 percent below May a year ago.

The 10-city index rose 0.4 percent from April, but was off 16.8 percent from May last year. It was the fourth consecutive month both indexes didn't post record annual decline. Home prices are now at levels not seen since mid-2003.

This NAR (the National Association of Realtors)..is flexing it's muscle...

but numbers dont lie....cough,,,why are there more fore closures than ever....something is just not adding up..oh well good news is better than bad news.