The uncertainty of our US economy has slowed home sales over the last 3 years - NOW, there is quite a surge of mortgage activity, which is a wonderful sign for a turnaround of our home sales! US mortgage applications jumped 11%, mostly consisting of first time homebuyers applying for their first home. With the tax credit given to these buyers, this will jump start the home sales, and give the "move-up" buyers the opportunity to move. Going into the spring, this is a good sign for a great housing season this coming summer!
President Obama has promoted hisHomeowner Affordability and Stability Plan, which is prompting these first time homebuyers to jump into the housing market with benefits around the corner on their next tax year. Many homeowners are refinancing due to very low interest rates. This is helping distressed borrowers avoid foreclosure. These interest rates are at historical low levels. For many homeowners to refinance, this will drop house payments up to $300 a month, depending on financed amount.
Joan Cox, GRI,ABR,CRS,e-Pro
Metro Brokers - Turning Point Real Estate, Inc.
Centennial, CO 80111
720-231-6373
www.JoanCox.com
About Me
- Joan Cox
- Denver, Colorado, United States
- With 13 years in real estate, I specialize in relocation, new construction, investor purchases, first time homebuyers and sellers. Ask me about my web site! Call today - 720-231-6373 In August 2009 I opened MY OWN Metro Brokers office in the Tech Center.
