Wow!! I honestly don’t think so!
This may be a once in a life-time opportunity. If you’re not buying a home, you may want to re-finance.
For more in-depth information on interest rates, click on my Zillow interest rate widget in the first column on the right.
Archive for the 'buyers' Category
Filed under buyers
Could the Rates Get Any Better?!
No Comments Laura on Jul 27th 2010
Filed under buyers, market stats, sellers
A Great First Quarter for Illinois!
Home sales were up 23.5% in the first quarter of 2010 compared to the first quarter of last year (IAR.org)! That is great news! I remember the first quarter of last year, and it was rough. This spring felt a lot better. Buyers were out and about; dual offers were not uncommon; and prices were [...]
Comments Off Laura on May 12th 2010
Filed under buyers
Is New Inventory Peaking?
It looks like the new spring inventory is beginning to peak. In April, particularly at the end of April, I believe we’ll start seeing fewer new listings hit the market.
Sure, inventory may begin to pile up in June and July, but a lot of that will consist of homes that have been on the market [...]
Comments Off Laura on Mar 22nd 2010
Filed under buyers
Are You Watching the Rates?
Are you watching the interest rates? They’re just to the right in the margin. My little Zillow widget has a great little graph of the recent rate history.
Zillow’s Mortgage Marketplace is also a helpful resource. It’s important to keep an eye on the rates. Often times, a rate drop can make a bigger difference in your monthly payments than a large [...]
Comments Off Laura on Feb 18th 2010
Buyers frequently ask me if they should test for radon. The answer is “yes.” Radon is an invisible, odorless gas that can cause cancer.
Indoor radon gas is the second-leading cause of lung cancer in the United States and breathing it over prolonged periods can present a significant health risk to families all over the country. It’s important to [...]
1 Comment Laura on Feb 18th 2010
Finally, we’re beginning to see some beautiful new inventory in the Northwest Suburbs. And, as always, the nicest homes are getting snatched up quickly.
I’ve been in several dual offers this year already. Properties have been priced extraordinarily well and interest rates are low, so smart buyers aren’t stalling. If you see something nice, you have to act right [...]
Comments Off Laura on Feb 12th 2010
This weekend was busy in the first time home buyer price range of $100,000 to $400,000. I don’t have stats to report, but I can tell you that the office was super busy Sunday and Monday. I can always tell that the market is picking up when there are lines for the copier and scanner [...]
Comments Off Laura on Feb 2nd 2010
Friend and fellow blogger, Robert Darrow, just wrote an interesting article on the spring market for this year. The tax credit and uncertainty about how long interest rates will stay low make timing critical for 2010. Check it out.
Timing When to Buy or Sell: Calendar of Important Events
Comments Off Laura on Jan 21st 2010
