Agent Open House

Agent Open House listing data provided by Franklin Mortgage Company. Click here for more details.

Buyers are you listening? Real Estate Santa is checking his list for you!!!!

Print E-mail
Local Blogs - Home Court Advantage - Donna Joerling
Tuesday, 01 December 2009

Now is an ideal time to buy, in most markets prices won't go any lower

and there is an abundance of inventory. Inventory of homes for

sale is at a 15-year high. There are many options out there for

many buyers and many sellers who are willing to negotiate and work

towards a win-win situation that works for both parties.

Every Market is Different

Remember that all real estate is local and that all markets are

different. There are opportunities out there for a buyer if you're

willing to look. The Homebuyer Tax Credit contained in the Housing

and Economic Recovery Act of 2008 was updated in the American

Recovery and Reinvestment Act of 2009. For 2009 purchasers

the credit is $8000 and does not need to be repaid. The credit is

available through December 1, 2009, meaning qualified buyers

only have a short window of opportunity to take advantage of this

special program.

A modest recovery for existing-home sales is expected

in 2009. Pent-up demand, coupled with an abundance of safer

mortgage products, will lead to near-term market improvements.

The Emergency Economic Stability Act enacted on October 3, 2008

will help to improve credit markets and allow housing to lead the

economic recovery.

FHA Loans Set to Increase

There are many choices for buyers looking for mortgages in this

market. One option, FHA home loans, are a viable alternative for

many first time buyers. The Federal Housing Administration (FHA)

- which is part of HUD - insures the loan, so your lender can

offer you a better deal, offering low down payments, low closing

costs, and easy credit qualifying. FHA market share for home

purchases is expected to rise significantly over the next 3 years, from

an estimated 4% in 2007 to an estimated 35% in 2009.

Find out about FHA and other loans, go to

and and do a search for Consumer Literacy.

Benefits of Ownership

Owning a home is the American dream. It not only provides amazing

tax benefits but it also provides shelter and security to families. Did

you know that:

- Dollar for dollar, the rate of return on an individual's cash

down payment on a house is substantial? And that repeat

buyers are able to put 19% more down on a new home due

to appreciation?

- Home owners move less often and are more likely to vote

and volunteer time for political and charitable causes than


- When you own a home you can deduct the property taxes and

mortgage interest from your income taxes?

- The gains that you make on a primary residence that you've

occupied for two years out of 5 can be tax free?

Housing Market Facts

NAR has created a new website to

help consumers find out the latest information about the housing

market and the issues that affect you, information specifically for

buyers, how to do more research, and learn more about the benefits

of home ownership.

Mortgages are at Historically Low Rates

For buyers who qualify, mortgage rates are near historical

lows. Rates are well under 6%. According to data provided by

Freddie Mac, rates averaged 9.2% in the past 30 years.

Go to and look at the Primary Mortgage

Market Survey® for more information on the latest rates. In addition,

low interest rates, coupled with recent corrections, give people

looking to upgrade a unique opportunity to take advantage of

market conditions.

The Value of Your Investment

Despite some contrary media reports and some moderate losses in

value in the short-term, home values long-term have and

will continue to rise. Real estate is a long-term investment.

Home values could fall in some years, though, on average over the

past 30 years, the median price of existing homes has increased

more than 6 percent every year. Thanks to the power of leverage,

a homeowner's return on investment is even more impressive over

time. Visit to learn more.

If you are even thinking about making a move, then a one to one visit is in order.  Let someone that does this every day make it EASY ON YOU!!!!  Donna K. Joerling, your life and real estate coach, coaching you through one step at a time!  314 808-1712 


Articles posted to the Local Blogs section are the opinions of the authors and not necessarily that of or WASHMO Media, LLC.

Restaurant Guide

Recent Article Comments

Become a Fan of