4 Reasons to Buy a Home This Summer!

4 Reasons to Buy This Summer! | Simplifying The Market

Here are four great reasons to consider buying a home in Sedona today, instead of waiting.

1. Sedona Prices Will Continue to Rise

CoreLogic’s latest Home Price Index reports that home prices have appreciated by 7.1% over the last 12 months. The same report predicts that prices will continue to increase at a rate of 4.9% over the next year.

The bottom in home prices has come and gone. Home values will continue to appreciate for years. Waiting no longer makes sense.

2. Arizona Mortgage Interest Rates Are Projected to Increase

Freddie Mac’s Primary Mortgage Market Survey shows that interest rates for a 30-year mortgage have remained around 4%. Most experts predict that they will begin to rise over the next 12 months. The Mortgage Bankers Association, Fannie Mae, Freddie Mac & the National Association of Realtors are in unison, projecting that rates will increase by this time next year. read more

The Impact That an Interest Rate Can Make on Your Payment

The Impact Your Interest Rate Makes [INFOGRAPHIC] | Simplifying The Market

Some Highlights:

  • Interest rates have come a long way in the last 30 years.
  • When buying a home in Sedona, the interest rate directly affects the payment and how much house you can buy if you plan to stay  on budget.
  • Interest rates are at their lowest in years… RIGHT NOW!
  • If buying your first home, or moving up to the home of your dreams is in your future, now may be the time to act!

 

What Are the Experts Saying about Mortgage Rates?

What Are the Experts Saying about Mortgage Rates? | MyKCM

What Are the Experts Saying about Mortgage Rates?

Mortgage interest rates have risen over the last few months and projections are that they will continue their upswing throughout 2017. What impact will this have on the housing market? Here is what the experts are saying:

Laurie Goodman, Co-director of the Urban Institute’s Housing Finance Policy Center:

“In 1984, 1994, 2000, and 2013, every time we have rate increases, we have increases in nominal home prices. We expect this to be more pronounced, as there is a big demand-and-supply gap at the present time.” read more

Sedona Real Estate News

Troy & Susan Deierling
RE/MAX Sedona
1165 W AZ-89A, Sedona, AZ
(928) 451-6098 Susan
(928) 202-0700 Troy

928-451-6098
myteam@susanandtroy.com