Patty Bates's blog

Consumers Upbeat About The Housing Market

According to a recent survey, 94 percent of home owners and potential buyers say that home ownership is a critical piece to their long-term financial planning.

They are placing more value in a home's intrinsic qualities of wealth building, safety, satisfaction, and a place to raise a family.

Read more about the survey: Consumers Show Shift in Home Ownership"Home owners today seem to have a longer term perspective for their properties. Owners are telling us a home is more than its price tag,... [NAR Daily News Magazine]

Mortgage Rates Hover Around Yearly Lows

Thirty-year fixed-rate mortgages averaged 3.65 percent, with an average 0.6 point.  Last year at this time, 30-year rates averaged 4.33 percent.

When rates are low, buyers can afford to buy a nicer home.  Low rates are contributing to a busy Spring home buying season. 

Read more about it:  Mortgage Rates Hover Around Yearly LowsThe 30-year fixed-rate mortgage averaged 3.65 percent this week, remaining near its 2015 low and offering potential home buyers savings in... [NAR Daily News Magazine]

What's at the Root of Buyer Remorse

Buyers have to 'love' the house they are buying, understand how much it is going to cost to maintain it, and have realistic expectations of the value of the home's amenities.  Thinking about these three things ahead of time will help you avoid buyer remorse.

What's at the Root of Buyer Remorse -

A dissatisfied client is never what you want. Here’s how one author says you can help prevent buyer’s remorse.

[NAR Daily News Magazine]

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