If you haven't taken time yet to appreciate the fall colors and falling leaves don't miss your chance before they are gone…it sounds like temperatures are going to be falling along with the leaves. Did I even hear mention of the SNOW word? Surely it can't be that time already!
Other things are also falling…
Interest rates were falling again this week…I hear below 6% again depending on circumstances.
The minimum condo down payment fell last week from 10% to 3% for at least one mortgage company. That means that instead of needing $20,000 to buy a $200,000 condo it may now be possible buy with only $6,000 down…a huge difference. It obviously helps buyers, but also helps sellers find buyers for their properties.
With some new programs the minimum down payment for a house or townhouse fell again…now possible to get 100% financing in some circumstances and you don't have to be a first-time homebuyer…that means it's now possible to buy with zero down again.
Falling number of homes for sale could mean prices don't fall as much because of more competition for fewer homes…had multiple offers on a traditional property this week. Sales were up 21.1% last week compared to last year, new listings down 10.0%. Total number of homes available for sale is 9.4% below this time last year.
With the march on towards the winter solstice night is falling faster…seems to tie in with the falling leaves and falling temperatures. If your home is listed for sale be sure to turn on the lights so you don't have a prospective buyer falling on your doorstep…
That’s a great picture! We don’t see trees with that many colors in Las Vegas! Even though it’s fall, Vegas doesn’t really experience a true fall. Makes me miss Michigan!
Just when I was lamenting that we didn’t seem to be having much color this fall…color arrived! I’m glad you enjoyed the photo. I know I’d miss not having the four seasons.