44 SUNLINE Dr. Petal , MS 39465 $185,900
4 BD, 2 BA in Pecan Lakes. Split plan, fireplace, and fenced back yard.
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Category: Buying
104 SHELBOURNE St. Purvis , MS 39475 $89,900
5 BD, 2 BA one of a kind home. Separate formal dining, large master bedroom/mother-in-law suite, and storage galore.
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84 MITCHELL Rd. Purvis , MS 39475 $219,900
Enjoy county living on 8 acres. 3 bedroom, 2.5 bath. Completely remodeled. Ceramic tile counter tops, stainless appliances, and a work island.
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Desirable Kingsmill Subdivision in Oak Grove
31 Bloomsbury Ct. Hattiesburg , MS 39402 $189,900
3 bed, 2 bath. Well maintained. Granite and stainless in kitchen. Cathedral ceiling, wood floors and fireplace in living room.
26 East Donnington Hattiesburg , MS 39402 $299,500
4 bed, 2 bath home. Stone and granite fireplace. Stained cabinets, double oven. Large master suite with walk-in his and her closets
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Crye-Leike Signature One Realty welcomes our two newest agents, Ashley McDonald and Kristy Hicks!!
http://ashleyandkristy.crye-leike.com/
74 BARACUDA Dr. Hattiesburg , MS 39402 $224,900
Enjoy Lake Serene in this 4 bed, 2 bath home. Features include granite in kitchen and bathroom, new paint, new appliances, etc.
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1510 CONCART St. Hattiesburg , MS 39401 $125,000
Recently reduced! 1 yr home warranty included. Fresh paint inside and out, new appliances, countertops and fixtures.
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Washington, March 06, 2012
Housing affordability conditions have reached the highest level since recordkeeping began in 1970, according to the National Association of Realtors®.
NAR’s Housing Affordability Index rose to a record high 206.1 in January, based on the relationship between median home price, median family income and average mortgage interest rate. The higher the index, the greater the household purchasing power.
An index of 100 is defined as the point where a median-income household has exactly enough income to qualify for the purchase of a median-priced existing single-family home, assuming a 20 percent downpayment and 25 percent of gross income devoted to mortgage principal and interest payments. For first-time buyers making small downpayments, the affordability levels are relatively lower.
NAR President Moe Veissi, broker-owner of Veissi & Associates Inc., in Miami, said this latest data underscores buyer opportunities in today’s market. “This is the first time the housing affordability index has broken the two hundred mark, meaning the typical family has roughly double the income needed to purchase a median-priced home,” he said. “For buyers who can qualify for a mortgage, now is a very good time to become a homeowner.”
NAR projects the affordability index for all of 2012 will be at an annual high, with little movement in mortgage interest rates or home prices during the year. “Housing inventory levels have declined to a point where conditions are becoming much more balanced in much of the country,” Veissi said. “If access to credit improves, we could see a much more meaningful increase in home sales and broader stabilization in home prices with modest gains in areas with stronger job growth.”
The National Association of Realtors®, “The Voice for Real Estate,” is America’s largest trade association, representing 1 million members involved in all aspects of the residential and commercial real estate industries.
http://www.realtor.org/press_room/news_releases/2012/03/hai_record
REALTORS® Expect Constant or Higher Residential Prices in the Next Year
On March 6, 2012, in Did You Know, by Jed Smith, Managing Director, Quantitative Research
The most recent REALTORS® Confidence Index indicates that price expectations for the forthcoming year are up – substantially. There are also reports of increased REALTOR® confidence in the residential market outlook, so this information indicates that as of January 2012 REALTORS® were seeing residential markets that appeared to be in an upward mode.
Highlights from NAR Twitter chat on 2011 Home Buyer/Seller Demographics March 6, 2012
- 1 in 7 home buyers aged 25 to 44 bought a home because of a job related relocation or move.
- Top 3 reasons repeat buyers bought homes: desire for a larger home, job-related relocation, desire to be closer to family/friends.
- The number 1 reason first-time home buyers bought a home is for the desire to own a home of their own-60%
- Among most recent home buyers, the 2011 report shows the highest share of married couples since 2001 at 64%
- The share of single female & single male home buyers dropped in 2011. Single females account for 18% of buyers & single males 10%.
- The typical age was 31 among first-time home buyers and 53 among repeat buyers in the most recent report.
- The typical household income was $62,400 among first-time home buyers and $96,600 among repeat buyers in the most recent report.
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