Austin Market UPdate in a Minute with Nicole Cooper, November 2012

28 11 2012

What’s up? The market.





Cost vs. Price

26 11 2012
Cost vs. Price ExplainedPosted: 07 Nov 2012 04:00 AM PST

We have often talked about the difference between COST and PRICE. As a seller, you will be most concerned about ‘short term price’ – where home values are headed over the next six months. As a buyer, you must be concerned not about price but instead about the ‘long term cost’ of the home. Let us explain.

Yesterday, we reported that the Mortgage Bankers Association (MBA) is projecting that mortgage interest rates will inch up over the next twelve months. On Monday, we explained that many experts are calling for home prices to also increase over the next year.

What Does This Mean to a Buyer?

Here is a simple demonstration of what impact certain changes would have on the mortgage payment of a home selling for approximately $200,000 today:

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NAR’s Infographic on Buyers and Sellers 2012

26 11 2012
NAR’s InfoGraphic on Home Buyers and Sellers 2012Posted: 26 Nov 2012 04:00 AM PST

 

Originally published by the National Association of Realtors (NAR). Click on the InfoGraphic to get original.

FROM NAR:

More than they have in the past decade, two-income married couples are fueling today’s home buying and selling market, and they are turning to REALTORS® to help them.





Mueller Neighborhood, Central Austin Texas

20 11 2012




The Mortgage Big Picture

12 11 2012

Mortgage Payment Breakdown
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