Friday, May 27, 2011

Daily Real Estate News

Daily Real Estate News

Thursday, May 5, 2011

Cheaper to Buy than Rent Article

You know I like to keep everyone up-to-date with any new information regarding the real estate market and how it can best serve my clients.
I fell upon this quick article by Inman News and felt it was worthy of a share.
Like always, if you are interested in going from Renting to Buying, let me know how I can help.

- Colleen Santos


Cheaper to buy than rent in 78% of major cities


Trulia: Dropping prices and rising rents boost affordability

By Inman News, Thursday, April 28, 2011.

Inman News™

It is cheaper to buy a home than to rent one in 39 of the nation's 50 largest cities, according to a quarterly report released today by real estate search and marketing site Trulia.

Trulia's rent vs. buy index compared the median list price with the median rent on two-bedroom apartments, condominiums and townhomes listed on Trulia.com as of April 1, 2011, in the 50 most populous cities in the U.S. While 72 percent of the cities favored buying in the previous quarter's report, 78 percent favored buying in this latest report.

"With home prices nearing a double dip and more foreclosures expected to flood the housing market over the next two years, the decision between renting and buying a home across most of the country has clearly moved in favor of buying," said Ken Shuman, Trulia's spokesperson, in a statement.

"As we head into the summer buying season, those looking to buy a home should be encouraged by improvements in the market and feel optimistic about their chances of finding an affordable home -- much more so than in previous years."

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From the Customers Mouth

"As a first time home buyer, I can tell you that my wife and I were very nervous about the whole process. We wanted to make sure we dealt with the right people, the kind that care about us, and not [for] just a sale. We had head of Colleen from a family member that had her sell her home in an unfortunate situation. Everything Colleen did was to protect them, their privacy, and to let them know she was a friend.

The stories we had heard about Colleen were only a tiny bit of how great of a real estate agent she is. She cared about what we wanted, our time and where we wanted to live. The first time out with her she took us to a few homes that were different to see our reaction and get our opinions. We felt very comfortable as we were going out after she explained that she was only taking us to the homes that she had already driven by to approve of them first.

Our home is perfect for what we wanted and needed. It is also in a great neighborhood, as Colleen made sure that is was and that we felt the same way. It is in a part of town that will be easier to resell because of the location and the style. She really nailed it on the head. As a matter of fact, before we had found our current home, my wife and were both recommending Colleen to all the people we knew were looking, or would be looking for a house soon.

I have, will, and do recommend Colleen Santos to be anyone's agent. She is honest, fun, thoughtful, and is a great person all together. If you have any doubts, feel free to call me. I'll be happy to answer them."

Bryan L.

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Closed! 2571 W. 1540 N. Lehi, UT

A client of mine just closed on this lovely home in Lehi, Ut
I am so excited for this family to settle into their new home.
Another great success story.
Let me know if I can help find YOU a home!


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