Market Update for the week of December 12th, 2011:
INFO THAT HITS US WHERE WE LIVE...The housing recovery may be
proceeding slowly, but things are definitely not at a standstill.
Earlier this year, an industry rent vs. buy index found it is more
affordable to buy than rent a two-bedroom home in 72% of America's 50
biggest cities. In fact, renting was less expensive than buying
only in New York, Kansas City, San Francisco and Seattle. And in 10 of
the
cities where renting was relatively affordable versus ownership, people
felt buying may still be a financially sound long-term decision.
A recent consumer study showed
people are getting the message. With home prices now at such affordable
levels, 62% of those
surveyed said buying in today's market is a good investment over the
next 10 years. The most popular advice people would give to
anyone thinking of purchasing a home is to avoid buying more house than
they can afford. Good advice indeed.
When dealing with your home financing, I not only work with one of your largest
personal financial investments; I also handle one of your biggest dreams. As your
mortgage planning specialist, I will give you my best consistently. My team specializes
in renovation financing both for the purchasing of a home or for renovating a home you
already own. In fact, Renovation Loans are all we do. Renovation loans allow you to
purchase or refinance and renovate the home in one seamless transaction.
With over 13 years experience working with only Renovation Loans you can trust myself
and the rest of the St Louis Renovation Team to help guide you from application to
project completion.
Tony Collins
Renovation Specialist
Office: 314-288-2462
Office: 866-997-0358
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A word from Provident: So what does this mean for you? While most people do think it's a good idea to buy a home, not everyone can afford it. Even though it may be cheaper to buy than to rent, lending restrictions make it difficult to find loans for some people. There will always be a market for rentals. If you have the money to invest in real estate, now is the time. We want to be your property management company. We will handle all the rental details so you don't have to. Please contact us for more information!
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