Posts Tagged ‘buying a home’

Interest Rates Up, But Still Good

August 1, 2013

The average interest rate on a 30 year fixed rate mortgage increased to 4.39% this week, which is a full percentage point higher than in early May – but rates are still a bargain by historical standards. For example, when I bought my first home, our interest rate was 9.5% – and we were thrilled with that because they had fallen from 11.5%! So, yes, rates are still good – but it won’t last forever. If you’ve been thinking about buying a home, you might want to take a closer look before rates go up more. Let us know if we can help – there is no cost for a Realtor to help you with purchasing a home.

You can search all the homes for sale in El Paso Texas by clicking here .

Things Looking Up For The El Paso Real Estate Market!

May 22, 2013

All signs are pointing upwards for the El Paso, Texas real estate market. The median sales price has increased by 5.4% over last year to $138,000. The average sales price has increased by 3.8% to $158,908.

The number of closed sales has increased by 8.3% over last year. The number of months supply of homes on the market has decreased to 6.9 months from 8.1 months at this time last year.

You can search all homes for sale in El Paso Texas by clicking here .

If you have any questions or if I can be of service, email me at BarrySKarch@aol.com or give me a call at 915-549-4663 or 1-800-9963-1909.

El Paso Texas Ranked Second Best City In Country For Retirement

March 19, 2013

El Paso has been ranked the second best city in the United States to retire by the financial blog NerdWallet. The ranking was based on factors such as cost of living, warm weather, and affordable health care.

Here is what it had to say:

“El Paso has extremely low-cost assisted living services, making the city very affordable for seniors. The warm weather and high proportion of the population over 65 ensures that seniors can have an active social life as well. El Paso has great dining, theater venues and museums, so the city offers plenty of entertainment as well.”

Let us know if we can help you with your real estate needs.

You can search all homes for sale in El Paso Texas by clicking here .

Down Payment Assistance Financing For Teachers, Law Enforcement, Firefighters

January 31, 2013

Special financing is now available for teachers, law enforcement officers, and firefighters. No down payment is required! You do not need to be a first time home buyer to take advantage of this program. To learn more, email me at BarrySKarch@aol.com or give me a call at 915-549-4663 or 1-800-963-1909.

You can search all homes for sale in El Paso Texas by clicking here .

El Paso Real Estate Statistics For 2012

January 17, 2013

The 2012 statistics are hot off the press – and it was a great year for real estate in El Paso!

The number of homes that sold increased by 12% over 2011. Prices were up – the median sales price increased by 3.4% to $137,999. The inventory of homes for sale in El Paso Texas decreased 20% to a 6.1 month supply of homes for sale.

We expect even better things for 2013, as the economy continues to improve.

If you’d like to take advantage of the great market – and still super low interest rates, let us know – we’re glad to help!

You can search all homes for sale in El Paso Texas by clicking here .

Down Payment Assistance Financing Available In El Paso, Texas!

January 7, 2013

Two brand new down payment assistance financing programs just became available! That’s right – you don’t need to make a down payment to buy a home. One of the programs is available to first time home buyers and the interest rate is an incredible low 3.25%!

For the other program, you don’t have be a first time home buyer! It is available for teachers, firefighters, and policemen. This program has an interest rate of just 3.5%.

If saving up the for the down payment has been holding you back from buying a home, you don’t have to wait any more!

Give me an email or call at 915-549-4663 or 1-800-963-1909 to get all the details and to get started!

You can search all homes for sale in El Paso Texas by clicking here .

A November To Be Thankful For In El Paso Real Estate

December 18, 2012

The stats have just come out – and there was a lot to be thankful for in November! Home buyers loved the historically low mortgage rates and affordable prices. Sellers loved the increased sales.

Let’s look at the numbers. Closed sales increased by an incredible 23% over November 2011! Days on the market decreased by 4.4%, median sales price increased 5.6% and the inventory of homes decreased by 20%.

There are still many challenges, but looking forward to 2013 there is much reason for optimism.

Let us know if we can help you with your real estate needs. You can search all homes for sale in El Paso Texas by clicking here .

Thank you for the opportunity to be of service.

Mid Year Check of the El Paso Texas Real Estate Market

July 21, 2012

Through the first half of this year, the El Paso real estate market has been much stronger than last year. Year to date, the number of homes sold has increased 9.2% while the median price has increased 2.3%. Housing affordability continues to increase as interest rates have set record lows.

These are truly historic times. Don’t miss the opportunity of a life time to buy a home now. Homes will probably never be this affordable again.

Let us know if you’d like to get started – and remember – there is no cost for us to professionally assist you.
You can search all homes for sale in El Paso Texas by clicking here.

What Renters Are Willing To Sacrifice For A Home

June 25, 2012

According to an article in this month’s RealtorMag, 80% of renters are willing to give up certain things so that they can purchase a home.

What are renters willing to give up?

* 50% would cut back on dining out
* 49% would cut back on shopping for non-essential items
* 47% would give up luxuries such as trips to the salon and expensive cable packages
* 39% would cut back on vacations
* 10% would contribute less to their retirement plans

Why are so many renters willing to make sacrificies? The record low mortgage rates and appealing home prices are making home ownership very attractive right now.

How do you stack up?

Ready to get started? Find out how easy home ownership can be. Give us a call or email today!

Search all homes for sale in El Paso Texas by clicking here .

You can also get a free app for your smart phone to search all homes for sale in El Paso Texas by texting SunCity to 87778.

Looking For A Home For Sale In El Paso Texas?

March 21, 2012

We were featured in The El Paso Times:

New business: The Real Estate Power Houses
Times staff reportselpasotimes.com
Posted: 03/18/2012 12:00:00 AM MDT

Name: The Real Estate Power Houses.

Type of business: Real estate brokerage.

What is your specialty: Residential real estate in the El Paso area. The Real Estate Power Houses embraces the latest technology to provide cutting-edge service for our clients. We can even provide our clients with an app so that they can see what homes are for sale in each neighborhood as they drive by.

Number of employees: seven.

Future goals: To remain on the cutting edge of real estate technology to provide our clients with exceptional service.

Your motto: Cutting-edge technology with old-fashioned service.

Address: 251 Shadow Mountain.

Website or social media: TheRealEstatePowerHouses.com

Information: 549-4663 or BarrySKarch@aol.com

You can search all homes for sale in El Paso Texas by clicking here.

Get an app for your phone or tablet to search all homes for sale in El Paso Texas by clicking here:

http://mobile.smarteragent.com/treph/barrytammykarch

or text SunCity to 87778