This chart from MSN Money.com, Case Shiller shows Return on Investment from Jan 1, 2010 – June 30, 2010.
Click the image to see full size chart in printable format.
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This chart from MSN Money.com, Case Shiller shows Return on Investment from Jan 1, 2010 – June 30, 2010.
Click the image to see full size chart in printable format.
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If You Don’t Buy a House Now, You’re Stupid or Broke
Interest rates are at historic lows but cyclical trends suggest they will soon rise. Home buyers may never see such a chance again, writes Marc Roth.Well, you may not be stupid or broke. Maybe you already have a house and you don’t want to move. Or maybe you’re a Trappist monk and have forsworn all earthly possessions. Or whatever. But if you want to buy a house, now is the time, and if you don’t act soon, you will regret it. Here’s why: historically low interest rates.
As of today, the average 30-year fixed-rate loan with no points or fees is around 5%. That, as the graph above—which you can find on Mortgage-X.com—shows, is the lowest the rate has been in nearly 40 years.
In fact, rates are so well below historic averages that it should make all current and prospective homeowners take notice of this once-in-a-lifetime opportunity.
And it is exactly that, based on what the graph shows us. Let’s look at the point on the far left.
In 1970 the rate was approximately 7.25%. After hovering there for a couple of years, it began a trend upward, landing near 10% in late 1973. It settled at 8.5% to 9% from 1974 to the end of 1976. After the rise to 10%, that probably seemed O.K. to most home buyers.
But they weren’t happy soon thereafter. From 1977 to 1981, a period of only 60 months, the 30-year fixed rate climbed to 18%. As I mentioned in one of my previous articles, my dad was one of those unluckily stuck needing a loan at that time. (More …)
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Michael Saunders & Company dominates the local market share for properties in the price range of $2,000,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Michael Saunders & Company dominates the local market share for properties in the price range of $1,000,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Michael Saunders & Company dominates the local market share for properties in the price range of $250,000 to no limit through out Sarasota (Buyer Sales by Volume Market Share).
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Michael Saunders & Company dominates the local market share for properties in all price ranges through out Sarasota (Buyer Sales by Volume Market Share).
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Michael Saunders & Company dominates the volume market share for properties sold in prices ranging $100,000 and up throughout Sarasota County.
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Michael Saunders & Company dominates the local market share for properties sold in price ranges over $100,000 throughout Manatee County.
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As the local leader in luxury real estate, Michael Saunders & Company closes more residential home sales in Manatee County for all properties priced over $1 million than any other company.
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As the local leader in luxury real estate, Michael Saunders & Company closes more residential home sales in Sarasota County for all properties priced over $1 million than any other company.