Kingman AZ Real Estate Market Update
You hear the bad news everywhere you turn. It’s on the television, the Internet, the radio and in print headlines. What you don’t hear is the good news about the real estate market.
Bad news sells newspapers and gets high television ratings; therefore, the media has no reason to report the upside of today’s real estate market to the average American or to tell you that Kingman Homes and Kingman, AZ Real Estate are selling quicker and at a higher price. This is where I come in. For example, did you know that approximately 30 percent of homeowners own their home free and clear?
The current market in Kingman AZ Real Estate & Homes also affords some great opportunities for those looking to purchase a home. First-time homeowners, move-up buyers and investors can all benefit from Kingman's homes low prices, large selection and historically low interest rates.
In addition, the government recently approved a First Time Buyer Tax Credit, up to $8000, that does not require repayment if the borrower resides in and maintains ownership of the property for at least three years. Regulations do apply and can be reviewed at www.federalhousingtaxcredit. com, or just give me a call and I will be happy to discuss it with you. Our Team of Professional Realtors in Kingman AZ will assist you in all aspects of your purchase. We have lenders ready to assist you in purchasing your Kingman Home.
According to the Mortgage Bankers Association, of the 70 % of homes that do have a mortagage, over 96% ARE NOT in foreclosure. Mortgage rates in Kingman AZ have fallen to near record or record lows, meanwhile, home affordability is at a record hi. We have also seen 3 months of continuous growth, in building permits, home sales and closings. This is all happening right here in the Kingman Real Estate Market. Many of Kingman's homes are selling within hours or a couple of days on market. Kingman foreclosure homes are often getting multiple offers and selling well above the lender's asking price.
Call me for more good news and to discuss the opportunity to purchase or upgrade to a new home in Kingman, AZ. I can be reached anytime on my cell, 928-727-7369
Posted at 02:24PM Aug 03, 2009 by Dwayne Patterson in General | Comments[0]