Homes sales increased by 8.4% in El Paso County for the month of July when compared to June 2009. There were 60 additional single family home sales in July 2009 when compared to July 2008. There were also an additional 1,409 single family homes for sale in July 2008! The average ($231,457) and median ($199,675) […]
The Veterans Administration has automated many of it’s procedures relating to how loans and appraisals are processed making buying a home easier for VA home buyers. The electronic Certificate of Eligibility program now allows lenders working with VA buyers to securely access and print out a veteran’s Certificate of Eligibility without having to wait on the mail. Veteran […]
Many homeowners make the decision to downsize. Often times, a large living area is no longer needed once the children have grown or many are planning for retirement and want to find a home where they can live in comfortably without having to move again. For those who plan on purchasing a home to stay in for the years […]
For seniors 62 and older, Reverse Mortgages may be a great option for gaining access to the equity in their home for additional income. No monthly mortgage payments are required and the equity pulled out of the home does not have to be paid back until the home is sold. Unlike other loans, there are […]
The Northeast area is located in the in School District 11. A total of 92 single family homes sold in the month of June with the average sale price of $235,506. The average days on market for homes that sold in June 2009 was 76 days. There are currently a total of 315 single family homes listed for […]
VA is offering Energy-Efficient Mortgages (EEM) to borrowers who are interested in making energy-efficient improvements to their home. New borrowers or current homeowners interested in re-financing can increase their loan amount to account for the Green improvements that will be made to the home. Depending on how much the borrower’s mortgage payment is increased as […]
One advantage of having a VA mortgage is that it is assumable. If the interest rates skyrocketed and a buyer wanted to assume the seller’s VA loan instead of obtaining a new loan with a high interest rate, it can be done with approval of VA. If the loan was originated before March 1, […]
Many Veterans are not aware of the Specially Adapted Housing (SAH) and Special Housing Adaptation (SHA) grants that are available.The grants provide disabled Veterans with the opportunity to make necessary adaptations to their home in order to meet their needs. Veterans are allowed to use only one of the grants, SAH or SHA. Veterans who […]
Home inventory increased by 4% for the month of June 2009 when compared to six months ago (January 2009). Compared to the previous month of May, there was a slight increase (1.6%) in single family homes for sale. It is good that we are seeing inventory levels remaining steady while home sales are increasing; this […]
Homes sales increased by 4.9% in El Paso County for the month of June when compared to May 2009. There were only 6 additional single family home sales in June 2008 when compared to total single family home sales for June 2009. There were also an additional 1,469 single family homes for sale in June 2008! […]