According to recent articles, By the end of 2011, some states will see their production levels back to normal. Arkansas is in this list. Analysts anticipate that home prices will remain flat this year and post a modest increase in 2011. Interest rates are still at all time lows….possibly as low as 4.25%.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Post-Tax Credit Buyers May Save Money
Missing the tax credit deadline might have seemed like a big mistake to some home buyers, but waiting could have been the smartest thing to do. Interest rates have fallen so dramatically since April 30th that the typical purchaser of a $200,000 home would have saved a bundle by waiting until May. At April’s average rate of 5.34 percent, a home buyer would have locked in a 30-year fixed rate loan with a monthly payment of $1,115.58. The same borrower could have snagged a 30-year fixed rate loan at a rate of 4.5 percent in May and paid only $1,013.37 per month. That’s a $1,226 annual savings. Over 30 years, it’s a $36,795 savings, dwarfing the $8000 tax credit.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Original buyer lost financing and this home is move in ready. Interest rates are at all time lows. Let me know if you have someone interested in a great starter home.
If you are thinking of buying a home in the near future…you need to act now! Rates are low, which means you save money on the home you want, OR you can buy a more expensive or larger home for the same monthly payment.
Borrowers eager to lock in a very low-rate mortgage should apply in the next day or two, says Bankrate.com mortgage analyst Holden Lewis. Rates haven’t been this low since the 1950s, he says, adding that rates are unlikely to fall further. “You can float, but that's not a smart strategy. It's like asking for another card when you have 19 in blackjack. Stand and take your chances,” he advises.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Existing-home sales rose again in April with buyers motivated by the tax credit, improving consumer confidence, and favorable affordability conditions. Existing-home sales — completed transactions that include single-family, townhomes, condos, and co-ops — increased 7.6 percent and are 22.8 percent higher than the pace in April 2009. Monthly sales rose 7.0 percent in March. Lawrence Yun, NAR chief economist, said the gain was widely anticipated. “The upswing in April existing-home sales was expected because of the tax-credit inducement, and no doubt there will be some temporary fallback in the months immediately after it expires, but other factors also are supporting the market,” he said. “For people who were on the sidelines, there’s been a return of buyer confidence with stabilizing home prices, an improving economy, and mortgage interest rates that remain historically low.” Home Prices Improve The national median existing-home price for all housing types was $173,100 in April, up 4.0 percent from April 2009. Distressed homes accounted for 33 percent of sales last month, compared with 35 percent in March. • South: Existing-home sales increased 8.6 percent in April and are 23.0 percent higher than April 2009. The median price was $150,000, up 1.2 percent from a year ago.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Please join us for a great event. Look forward to seeing you there. See the attached flyer for details and ticket information.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
The average rate on a 30-year fixed loans declined this week to 4.84 percent from 4.93 percent a week ago, reported Freddie Mac. Also, 15-year fixed loans fell to 4.24 percent from 4.30 percent; five-year, adjustable-rate mortgages declined to 3.91 percent from 3.95 percent; and one-year ARMs fell to 4 percent from 4.02 percent.
This means you can spend less per month, for the next 30 years, on the home you want OR you can buy more house with what you want your payment to be. Home prices are lower, inventory is high and rates are low. Perfect storm for buyers!
I had clients getting 4.5% on 30 year fixed this week. Great time to buy!
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Bank of the Ozarks is seeing lower rates this morning! FHA loans (above $100K) are down to 4.5% on a 30 year and a 5/1 ARM is down to 3.25%. Buyers! If you want to save money on your next home, a lower interest rate means a lower monthly payment, but you need to lock the rate in. Rates can jump up at any time, and change day to day.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
Homes sales in Arkansas picked up considerably in March throughout Arkansas as people rushed to get residences under contract before the April 30 deadline for the first-time and repeat home buyer tax credits.
Throughout Arkansas, 2,153 homes were sold in March — up 21.57 percent over 1,771 sales in the same month last year. Average sales gained just a bit — rising to $137,587 in March compared to $136,683 a year ago. So, what drove sales in March?
Realtors® throughout Arkansas reported a lot of interest in the first-time (up to $8,000) and repeat (up to $6,500) home buyer tax credits.
Realtors® said that low interest rates and downward pressure on list prices helped drive sales, too. The million dollar question (or perhaps billion dollar, at this point) is whether strong sales will continue after the tax credit is gone. I believe they will as we haven’t seen prices this good for several years, there is a large selection for buyers to choose from, and interest rates are down around 4.5%. That should be enough to inspire consumers to purchase homes in the months to come.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
FOR IMMEDIATE RELEASE
Contact:
Scott Deaton
Broker/Owner
EXIT Realty Deaton Group
501-221-3948
Scott@ExitRealtyDeatonGroup.com
Little Rock, Arkansas (Grassroots Newswire) May 14, 2010 -- Bad weather and Tax Credit were major contributors to the real estate activity through April 2010.
2010 started off with cold and wet weather that slowed down the real estate activity throughout Central Arkansas, but the extended and expanded Tax Credit increased activity for the past few months as buyers scrambled to take advantage of the incentive.
"Even with the bad weather we experienced during January and February, our agents have been steady so far this year," states Scott Deaton, Broker/Owner of EXIT Realty Deaton Group in Little Rock. "We had a lot of activity during March and April due to the tax credit, and it looks like the activity will remain steady throughout the summer as inventories are still high and interest rates are low."
EXIT Realty Deaton Group Top Producers by Volume YTD:
Jeanie Corkins
Shelly Dahl
Team Leggett (Mark & Lisa Leggett)
Janice Garry
Team EXIT (Amber Burdett & Kristy Henson)
Jeffrey Merritt
Debra Harvey
Jason Machetta
Floretta Scott
EXIT Realty Deaton Group Top Producers by Transactions YTD:
Jeanie Corkins
Janice Garry
Team Leggett (Mark & Lisa Leggett)
Shelly Dahl
Team EXIT (Amber Burdett & Kristy Henson)
Jonathon Pyron
Jeffrey Merritt
Floretta Scott
Debra Harvey
For more information about EXIT Realty Deaton Group, please call 501-221-3948. EXIT Realty Deaton Group is located at 11300 Financial Centre Parkway, Suite 910, Little Rock, AR 72211 & 3120 S Hazel, Suite C, Pine Bluff, AR 71603. Also go to www.WeAreExit.com or www.ExitRealty.com.
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
FOR IMMEDIATE RELEASE
Contact:
Scott Deaton
Broker/Owner
EXIT Realty Deaton Group in Little Rock
501-221-3948
Scott@ExitRealtyDeatonGroup.com
Little Rock, Arkansas (Grassroots Newswire) May 7, 2010 -- Kristy Henson was recently promoted to Executive Broker & Sales Manager at EXIT Realty Deaton Group. In this role, Kristy will be working with each individual agent to guarantee their success.
"Our office continues to grow and it was time to name a new Executive Broker & Sales Manager. Kristy was a natural choice. She is dedicated to the success of EXIT Realty Deaton Group and we look forward to her leadership in this new role," said Scott Deaton, Broker/Owner of EXIT Realty Deaton Group.
Henson is in her fourth year of providing exceptional real estate services to the entire Central Arkansas markets. As EXIT Realty Deaton Group's first licensed agent, she has excelled in her career and has been recognized by the Little Rock REALTORS Association with multiple Awards For Excellence. With Kristy's new role, not only will she continue providing a high level of service to her real estate clients, but now she will be able to support and mentor all of the agents within the agency to provide each agent with the opportunity for unlimited potential.
EXIT Realty is growing across North America and provides sales associates with the opportunity to earn residual income over and above their own transactions and an enhanced retirement and beneficiary benefit; all of which have been unheard of in the real estate industry until now.
For more information about EXIT Realty Deaton Group, please call 501-221-3948. EXIT Realty Deaton Group is located at 11300 Financial Centre Parkway, Suite 910 Little Rock, AR 72211 or 3120 S Hazel, Suite C, Pine Bluff, AR 71603. Additional information is available at www.WeAreExit.com and www.EXITREALTY.com.
Let me know your feedback. Do you agree? How has the real estate market affected you?
Reports show improvements in the housing market. Now is still a great time to buy....high inventories, low prices, low interest rates.
Friends,
wanted each of you to know about a friend of mine who is running for Justice of the Peace here in Pulaski County, and needs your help. Mark Leggett and I have known each other for almost 30 years, and he is currently working with me at our real estate firm. Mark has always been a trustworthy and dependable person and I'm thrilled to think about him holding a political position in our county.
If you live in his area, I ask that you remember Mark Leggett when you go to the polls.
Early voting starts tomorrow (Monday, May 3). In a small, local race like Justice of the Peace, many people go to the polls and don't have a clue about the candidates. How often have you voted in an election and based your decision on name only, or party only, or ballot order? Your recommendation to a friend could make a difference in who they vote for!
Please either forward this message or draft your own to send to all of your contacts or to those people you know that live in JP District 2. This district can be viewed here (the gray shaded area) http://www.votepulaski.net/maps/JP/JP%202.pdf or think about folks you know living in these neighborhoods:
Walton Heights, River Ridge, Robinwood, Foxcroft, Kingwood, Cammack Village, the Heights, Echo Valley, Colony West, Sturbridge, Leawood, Tanglewood, Pine Manor, and Normandy.
If you are voting in the GOP Primary, please vote for me. If you require more information about my race or about me, you can check out our facebook page (viewable even without a facebook account) at www.facebook.com/votemarkleggett or call/email me. I'd be glad to answer questions! I'm excited that this first phase of my first campaign is almost over. I'm ready to move past this one and focus on November.
I appreciate your consideration in this election. Get out and Vote!
thx,
"I Am Building a Company, By Design, that Honors Success & Productivity."
For a short video on what is EXIT, go to www.ExitRealty.com and click "Up Close and Personal with EXIT"
