Cora Bett Southern Realty News

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Archive for the ‘Financials’ Category

Buyer Demand Is Outpacing the Home Supply

How Would You Rate Savannah Home Selling in Your Area?  The price of any item is determined by the supply of that item, as well as the market demand. The National Association of REALTORS (NAR) surveys “over 50,000 real estate practitioners about their expectations for home… Read More

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Did you buy a home in the Savannah area last year?

General tax exemption information for Chatham County homeowners.  If you want to have your application for a tax exemption considered for the current year, then you will need to make sure that your application is submitted before April 1st. Any applications submitted… Read More

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The Fed Raised Rates.

What’s it Mean for Housing? You may have heard that the Federal Reserve raised rates last week… But what does that mean if you are looking to buy a home in the near future? Many in the housing industry have predicted that… Read More

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Mortgage Interest Rates Just Went Up

Should I Wait to Buy? Mortgage interest rates, as reported by Freddie Mac, have increased over the last several weeks. Along with Freddie Mac, Fannie Mae, the Mortgage Bankers Association and the National Association of Realtors are all calling for mortgage rates to continue to rise over the next… Read More

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Homes Are Selling Fast!

Market Highlights The National Association of REALTORS® surveyed their members for the release of their Confidence Index. The REALTORS® Confidence Index is a key indicator of housing market strength based on a monthly survey sent to over 50,000 real estate practitioners. Practitioners are… Read More

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Historically Low Interest Rates

Increase Your Purchasing Power According to Freddie Mac’s latest Primary Mortgage Market Survey, interest rates for a 30-year fixed rate mortgage are currently at 3.47%. Rates have remained at or below 3.5% each of the last 16 weeks, marking a historic low…. Read More

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Home Appraisals

Appraisers and Homeowners Don’t See Eye-To-Eye In today’s housing market, where supply is very low and demand is very high, home values are increasing rapidly. Many experts are projecting that home values could appreciate by another 5%+ over the next twelve months. One… Read More

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Break the Chains

Mortgage Myths Holding Back Buyers Fannie Mae’s “What do consumers know about the Mortgage Qualification Criteria” study revealed that Americans are misinformed about what is required to qualify for a mortgage when purchasing a home. We want to to help shed some… Read More

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Real Estate Values Today Compared to Pre-2008 Peak

This housing market has many people talking about home values; where they are and where they are headed. It’s also interesting to look back and see how home prices compare to values prior to the housing crisis. Every quarter, Freddie Mac releases… Read More

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Home Buying Myths

Highlights: Interest Rates are still below historic numbers. 88% of property managers raised their rent in the last 12 months! Credit score requirements to be approved for a mortgage continue to fall.

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