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Keller Williams Integrity First Realty

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Heads Up—This Might Be the ‘Last Call’ for Low Mortgage Rates

By Chrystal Caruthers
 
Consider this a gift to home buyers: Mortgage interest rates dipped to 3.78% this week, just in time for the spring housing market.  For people who are in the process of buying a house, our best advice is to lock in your rate now. “This is the last call before the bar closes at these historically low levels,” said Jonathan Smoke, chief economist at realtor.com®.
 
Currently, rates are low, but they are expected to rise. On Wednesday the Federal Reserve issued its first warning that rates will increase in the near term, because the economy has stabilized. The Fed has been propping up the economy by keeping rates at zero since late 2008, when the housing market collapsed. Now that employment is up, gas prices are low, and consumers are feeling more confident about the future, interest rates are sure to rise. Observers expect the Fed action to happen as early as June.
 
Read more, click HERE!

Featured Listings

For more information, click on photo


2727 S Drexel
Mesa, AZ 85209
PRICE: $269,900


10502 E Posada Avenue
Mesa, AZ 85212
$289,900


4211 N Pinnacle Ridge
Mesa, AZ 85207
$1,999,900

Access to credit still biggest hurdle for millennials to enter real estate market

By Ray Brousseau
 
Lower down payments and new programs might help first-time buyers
Much has been made of the lack of millennial homebuyers in the market, but many feel this group might be making waves soon. Since the Great Recession, employment numbers have been low, income gains modest, and debt and rent levels high — all while access to credit has been tight. This combination has kept young homebuyers out of the real estate realm. According to recent reports, however, some of these constraints might be loosening, but will these changes be enough to turn the tide?
 
Read more, click HERE!

An Economist’s 3 Tips for Spring Home Buying in a Seller’s Market

By Jonathan Smoke
 
In many parts of the country (OK, not Boston), the busy spring home-buying season is already underway—March typically ushers in a significant increase in home searches online. This year, even more people than last year are jumping into the search process as a result of improving financial circumstances, like a new job, or life events, like a new baby.
 
That said, many users of this website report that it’s still difficult to find a home that fits their needs and budget. That means this process may take longer than you expect. So, like the Fed keeps telling us, be patient. And be prepared.
 
Read more, click HERE!
 

Phoenix real estate: Sales volume, foreclosures down while prices, rents up

By Mike Sunnucks
 
Arizona State University housing expert Michael Orr has some springtime optimism about Phoenix’s real estate market despite January declines in sales volumes for new and existing homes.
 
Orr said some January data and forward-looking trends show housing improvements.  Median single-family home sale prices were up 5.6 percent in January compared to a year earlier ($208,000 vs. $197,000), according to Orr.
 
Read more, click HERE!

7 Home Maintenance Problems That Could Cost You Big Bucks

By Lars Peterson
 
Owning a home sometimes feels like owning a never-ending to-do list: Fix this, replace that. When does it end? For responsible homeowners, it never does. But overlooking the small stuff can add up to big repair bills later.
With winter finally subsiding, spend some time and a little money giving your home a checkup. It could save you from spending much more down the road.
 
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Tom Hanks Just Recreated All Of His Movies In A Single Take. And It’s Awesome


 Fans of Tom Hanks are going to go nuts over this. One of the greatest actors of all time just reenacted scenes from all of his famous movies in just one, seven-minute take!
 
This must have been so hard to do!  Have a look for yourself.

The Hottest Trends in Outdoor Living

By Jaymi Naciri
 
Gone are the days when the yard is used for just a few months. Today, the outdoors are an extension of the indoors, with gracious spaces for eating, lounging, and playing year-round. The latest trends in outdoor living have you covered - literally.
 
Read more, click HERE!

 

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