Argyle Texas Homes and Land For Sale: November 2010

Monday, November 8, 2010

Homes for sale in Denton, TX: thinking this is not a good time to buy? think again

Prime Time to Buy

7 Reasons Why Now Is a Great Time to Buy a Home

Recent history has reframed some of what had long been taken for granted about buying a home. Namely, we've learned that even though buying a home remains one of the best and safest investments available, a home should not function as an ATM or a short-term speculation strategy. So, where does that leave us? A lot smarter, able to recognize an opportunity when we see one, and aware of the facts that point to now as the prime time to buy a home.

Home affordability is at an all-time high. The median mortgage payment on the median-priced home, as a percentage of the median household income, is lower than it's been in a generation.
Mortgage rates are at rock bottom. It's hard to imagine interest rates going much lower, and when they start to inch back upward, monthly payments and total loan costs will spike upward.
Home prices are back on the rise. After declining for 30 months, home prices are trending back upward. The time to get in the market is now.
Sellers are motivated. This means that buyers have the upper hand. Sellers are fiercely competing among an excess of housing inventory, which often means buyers have untold choices and negotiating power.
Financing is readily available. Banks are back in the game and ready to lend to well-qualified buyers.
Owning vs. renting is increasingly favorable. Since 2009, the average principal and interest payment has fallen below the average rental rates, and the gap is now wider than it's been in the past 22 years.
Homeownership is still at the core of the American Dream. Owning a home is critical to financial stability and wealth building. It's a forced savings account, a place to live, and a fabulous tax deduction.

Leeza Morris, REALTOR®, MBA, GREEN, e-PRO®, SFR
Broker Associate, Keller Williams Realty
Cutting edge paperless & mobile real estate solutions for you

cel/txt. 940 391-5080
fax: 940 382-2773
skype: leezam22
2434 Lillian Miller Parkway
Denton, TX 76205
www.LeezaMorris.com

Facebook Real Estate Page

Watch listings as they come up on the market. Live updates every 40 minutes.

Facebook Real Estate Page

Watch listings as they come up on the market. Live updates every 40 minutes.

Wednesday, November 3, 2010

Mortgage Rates

Rates, although steadily declining since April of this year, rose slightly this past week. Rates are still historically low with a fifteen year fixed rate in the high 3's and a 30 year fixed rate in the low to mid 4's, depending on loan amount and credit scores.

LISA HITCH

Sr. Mortgage Banker

FAIRWAY INDEPENDENT MORTGAGE CORPORATION

3541 Teasley Lane Suite 200

Denton, TX 76210

940-484-5626 Office

940-390-7723 Cell

940-484-0072 Fax

lisah@fairwaymc.com
www.fairwaytexas.com

To get pre-approved for home purchase contact Lisa Hitch

Buying a home in Argyle, Corinth, Denton, Highland Village, TX:

Homeownership still a primary goal for families

A survey of U.S. adults in September found that many people continue to be very conservative about how they spend money. However, about 17 percent say they expect to have more money to move to a different home. That percentage is virtually unchanged since last year. Those who expect to buy a new house or condo are up from 7 percent in May to 10 percent in September. The survey was conducted by Harris Interactive.

Contact LISA HITCH to get pre-approved.

Sr. Mortgage Banker

FAIRWAY INDEPENDENT MORTGAGE CORPORATION

3541 Teasley Lane Suite 200

Denton, TX 76210

940-484-5626 Office

940-390-7723 Cell

940-484-0072 Fax

lisah@fairwaymc.com
www.fairwaytexas.com

Facebook Real Estate Page

Watch listings as they come up on the market. Live updates every 40 minutes.