Posted By Beth Wardlaw on Monday, September 26, 2011 4:53:00 PM |
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Mortgage interest rates remain under 4% putting homebuyers in Southern Indiana in a great position to buy or move up.
In many cases, with todays low interest rates buyers can pay less to own a home than to rent a comparable home. Home buyers who are moving up can it most cases buy a bigger home that better fits their needs yet not raise their monthly house payment.
30 year fixed mortgages are running as low as 3.9%, while Rural Housing for first time homebuyers is as low as 3.5%.
Unheard of rates when home prices are still suppressed - there has never been a better time to buy!!!
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Posted By Beth Wardlaw on Friday, September 16, 2011 4:20:00 PM |
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Southern Indiana Realtors Association has just released the statistics for home sales for the month of August 2011 and year to date.
Interestingly, the number of homes sold was up 16% from August 2010. This is most probably due to the fact that by August of last year, the first time buyer's who purchased with stimulus money had already closed and there was the natural drop or lull in sales. While the number was up, the median sale price is down 6.78%.
Year to Date statistics continue to show a decrease in both number of sales ad median sales price of about 5%....
