The National Association of Realtors has a website for homeowners called "Houselogic.com". This site has many helpful articles. This one is timely as cold weather has hit the country.
And, of course, cold weather is when a furnace tends to break down. Check this info to see what to know before you buy a new furnace.
The website DenverSeniorsHousing.com, which has information specifically designed for Senior Adults, is moving to AntleProperties.net. The site is under construction, and will be up soon.
For now, please call Rudy Antle at 303-284-3609 for your questions on what is available for Seniors. Thank you.
1. The “lowest interest rates in 52 years”—that’s what a lender told us at our office sales meeting this morning. One lender sent out an email last Friday saying FHA loans were available for 4.25%. Conventional loans are a bit more, but still well under 5%.2. Housing prices are bottoming out in the Denver area, and are starting to go up—slowly, but still going up.3. Foreclosures, short sales, and bank-owned properties are still available and giving outstanding bargains in many cases.4. Because it is still a Buyer’s market, many homeowners are fixing up their homes to get them ready to sell, which in a Seller’s market they don’t need to do.5. Lenders are loaning to qualified buyers. Regardless of what you may have heard, there is money available for residential mortgages.6. There is still help for first-time home buyers. The $8,000 tax credit is no longer available, but there are other programs that can help those who need some help.7. OK, you ask, this sounds like it’s a good time to buy a home, but if I want to move up, I have to sell my home. I want to wait until the market gets better so I can get a better price for my home.That sounds reasonable, except that for you to move up, someone needs to buy your home. The above factors will make it easier for them to buy yours, so you can move up.8. If you wait until the market for your home gets better, the market for the move up home you want to buy will also get better. Will you be better off waiting, or will it essentially be a wash?9. How many of the above factors will be the same a year from now? Just one example helps clarify the issue. If interest rates go up, buying power goes down. I recently calculated that comparing an FHA loan at 5% on a specific house with a 6% loan on the same house, the buyer’s payment would be $191 more per month.But, if some Buyers can’t afford to go up $191 a month, they would need to settle for a home that would cost $24,500 less than they could have bought at 5%. That will keep some Buyers from buying a home that meets their needs; and it will keep some Sellers from being able to move up.10. All of this adds up to this conclusion: If you want to move up (or down if you are “downsizing”), you won’t get a better time than now.
I've started an Antle Properties / Metro Brokers page on Facebook. Check it out and become a Fan by clicking on the "Like" button. You'll get regular updates and real estate news on your Facebook page.
The first post is : Are Loans Available For Imperfect Borrowers?
"By now, everyone knows that the basic instability that led to the financial meltdown of 2008-2009 was “sub-prime mortgages” and how they were handled. That means a lot of people who never should have been given a loan ended up with buying a home they couldn’t afford. . . " see the entire post by clicking here.
Denver’s housing market tops Case-Shiller
"Denver performed the best of the 20 major metropolitan housing market tracked in the closely watched S&P/Case-Shiller Home Price Indices report released today."
See the whole article by John Rebchook.
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Do you notice the same thing I do when I scan these headlines from a new website dedicated to the real estate market in Denver? Three respected Colorado companies (a title company, a real estate legal firm, and a lender) tapped former Rocky Mountain News writer John Rebchook to report on the local real estate market. These are just a few of Rebchook's recent headlines:
Denver-area foreclosure filings rise, sales drop, in OctoberExperts worry another wave of foreclosures will hit ColoradoForeclosure filings rise in ColoradoDenver-area apartment permits down 85 percentHousing slowdown not evenly distributed in Denver areaAre we at the bottom yet? Denver-area home permits lowest on record Denver bucks housing trend
What I notice is a mixture of both good and bad news. This is consistent with what I hear from other sources as well. Some aspects of the real estate market are positive, while others are negative. Some commentators are optimistic, others pessimistic.
In a way that adds up to good news. Everyone knows the market has not turned around and headed up in a sharp recovery. Yet, the mixture of some good news and some bad news says to me that we have hit bottom, or are at least close to it.
Turn-arounds don't happen overnight. They have to flatten out before they can go up; and the plateau is usually a series of smaller ups and downs. That is, some positive and some negative. When the time comes that the news is all positive, it will be too late to get the best bargains.
So, if you have been thinking about buying a home, isn't now a good time to see what is available? Call me. I'd love to hear what you think. 303-284-3609.
Check out this article via my other blog on www.DenverSeniorsHousing.com
Change or die? 10,000 steps a day could change your health forever
Fear of death is a powerful, but often only temporary, motivator. When the swine flu frenzy subsides, people will go back to their normal behavior. That includes going to work sick and forgetting about all the hand-washing — even though the threat of getting sick with many diseases still exists.
Doctors have observed the same pattern in many post-heart attack patients. Studies show that within a few months as many as 80%1 of patients go back to the same behaviors that landed them in the hospital.
This suggests that doctors have little success scaring patients into changing destructive behaviors. Permanent behavior change comes from a change in perspective, not fear.
Live sooner Dr. Dean Ornish2 is an expert in changing at-risk patient behavior. His groundbreaking 1993 study revealed two factors in successful behavior change: (1) focusing on positive, immediate results rather than the avoidance of negative consequences; (2) fostering willingness to adopt immediate, radical change.