Mortgage Rates Remain at Historic Lows | Real Estate with Beth & James Adams

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Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. One thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

 

Sean Becketti, Chief Economist for Freddie Mac recently explained:

“Since the start of February, mortgage rates have varied within a narrow range providing an extended period for house hunters to take advantage of historically low rates.” Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage.

 

Rates have again fallen to historic lows yet many experts still expect them to increase in 2016. One thing we know for sure is that, according to Freddie Mac, current rates are the best they have been since last April.

Sean Becketti, Chief Economist for Freddie Mac recently explained:

“Since the start of February, mortgage rates have varied within a narrow range providing an extended period for house hunters to take advantage of historically low rates.”

Bottom Line

If you are thinking of buying your first home or moving up to your ultimate dream home, now is a great time to get a sensational rate on your mortgage. Click here for a list of lenders we love. If you are ready for your first home, your dream home or a vacation home, we can help! Beth and James Adams, the Adams Team Russ Lyon Sotheby's Intl. Realty. Your unique & different local Realtors®

Sedona Verde Life - Homes are selling quickly in 2016

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Sedona Verde Life - Homes are selling quickly in 2016

According to the National Association of Realtors’ (NAR) Existing Home Sales Report, homes were on market for an average of 58 days in December. This was slightly longer than the 54 days in November, but still better than the 66 days experienced in December 2014. 

32% of homes across the country were on the market for less than a month!

Colorado, Utah and Delaware led all states as homes are selling in 30 days or less on average. The map below was created using results from NAR’s Monthly Realtor Confidence Survey.

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Bottom Line

Buyer demand remains strong. The inventory of homes available for sale remains low.  Arizona is averaging 30-45 days on the market.  In the Sedona/ Verde Valley market it is the same.  A shortage of inventory has homes flying off the market. Could it be a seller's market? As we head toward spring and summer which is typically our busiest selling season, we could see the days on market even shorten more.  What does that mean if you are thinking of selling your home? Now could be an excellent time to sell. 

If you are thinking about listing your home for sale this year, let's get together to talk about how you can take advantage of current market conditions! We love what we do and would love to help you! Contact Beth and James Adams with Russ Lyon Sotheby's Intl. Realty. 


How buying or selling a home is like being in the Super Bowl

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How buying or selling a home is like being in the Super Bowl

How buying a home is like being in the Super Bowl. Just like the biggest game of the year, your real estate transaction, whether your buying a home or selling a home, can be your biggest transaction of the year. There is always a lot at stake, always 2 sides to the transaction, sometimes there may be a fumble or two, and hopefully there are stellar real estate agents representing the buyer and seller.

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3 Home Buyer Tips You Didn't Know

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3 Home Buyer Tips You Didn't Know

Are you thinking of buying a home? What is the first thing that we all do when we think about buying something new? Hop on the Internet and start searching! From shoes to cars to homes, the first place we go is online.  The Internet is a great wealth of information.  But before you spend hours online home shopping, here are a few things you need to do first!

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