Housing Market on Upswing

According to a report from Fannie Mae, 67% of consumers believe now is a good time to buy a home. That’s up three percentage points from the last study. Previously, the trend showed consumers wanting to rent but that reversal is great news for anyone who is considering selling their home.

In addition, consumers surveyed believe now is a great time to qualify for a loan. Everyone who has gone through the lending process over the past 5+ years knows the lending environment was not always friendly. No doubt, lenders are trying to relax strict guidelines somewhat.

Freddie Mac says the average rate for a 30 year mortgage fell to 3.75%. One year ago that number was 4.28%. Some are crediting a weak international economy for sending investors back to the U.S. And yet, there are rumblings the fed will increase short term interest rates in the coming year, which will cause mortgage rates to climb. But really, even if rates go to 5 – 6 % that historically is still a great rate.

If you are thinking about selling home, some buyers may be more motivated NOW due to potential rate hikes that will increase the interest rate buyers can quality for. Now may be an ideal time to sell.

Typical young buyers have stay out of the market in greater numbers following the hit of 2008. They opted to rent. Many of those people will come into the purchase arena at some point. Why not this year? Keep in mind that as rental prices increase that will push some into a buy mode. Gas prices are low. Ironically, any bump in the market that gives consumers added flexibility in their budget is good for buyers. The Federal Reserve is striving to ease lending requirement, according to some.

In other news, Foreclosure’s are declining. In February 2015 there were 303 houses taken back by lending institutions. That is the lowest number since December 2006. While three hundred and three sounds like a lot, some experts say this is a normal level for the Phoenix metro area.

Queen Creek Homes for Sale

If you are searching for Queen Creek homes for sale please contact us. We work with a number of Queen Creek realtors and real estate brokers who are honest and have integrity.

If you live in Queen Creek or are moving to Queen Creek contact us for a low cost Queen Creek insurance quote – auto or homeowners insurance.

We are an independent insurance agent and broker who can shop your auto or home insurance with numerous top rated and top rated insurance companies, like MetLife, Travelers, Hartford, Unitrin and many others.

The city of Queen Creek is situated in the southeast part of the Phoenix metro area. Queen Creek was incorporated in 1989. The town has been recognized by the Arizona Business Magazine and others for its innovation and leadership. According to 2006 Census information the town of Queen Creek had a population of over 20,000.

As a provider of low cost Queen Creek insurance. we hope you will contact us for a quote on your auto and home insurance. We have a number of insurance carriers who offer very competitive insurance rates in the city of Queen Creek.

Take it from someone who had a $3000 water claim in 2009, you may be able to avoid the trouble of a claim by taking some basic steps around your house.

1) Replace water hoses every 5 years at any location where water comes into the home. Matter of fact, if your home is older you need to check and see if you have older metal hoses that will crack and break over time. Your local hardware store will carry new and more durable hoses.
2) Check for corrosion on the pipes that enter through your home’s walls.
3) Remember to tar around air or other vents on the roof. The sealant or tar around those areas dry and crack over time allowing water to enter through the roof. This is particularly true on shingle roofs.
4) Be aware of grout that dries and comes loose in the shower or bath area. Shower water will make its way into your inner walls over time and cause major damage, even potentially causing mold issues. Those can cost a fortune to fix.
5) Check your water heater annually to be sure it is not leaking. A hot water system can erupt and cause major water damage.
6) Watch this video and take notes for other tips to check and watch.

You may not worry about water damage – because you have Arizona homeowner insurance to protect your interests. However, if you have two water claims in a five year period you may find it awfully hard to find insurance. The best approach is to simply try hard to not have any claims in the first place. Most water claims can be avoided with pro-active measures.