Move in ready…waiting for your touch!

All move in ready- not being sold under duress so they are somewhat market priced- between 180-150K…

West End-Very nice homes, the brick was well renovated and on the higher end of the price scale. However it’s a good investment if you are going to live in it for 5-10yrs.. the other is really cute. The owner is willing to lease or lease purchase for 1100per/mth. Nice street in the Historic West End..

Atwood  3613854_0.jpg

Westview-I love brick homes…Westview does have a lot of them that still have many original details. I think Westview was hidden from all the investor-renovator mess. Unfortunately the historic West End was hit…

3646587_0.jpg  Rogers

Cascade-I know,this one is different from what I normally like but it’s cute and move in ready at an OK price… 169k…

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Adair Park– I had my eye on this one for a while- I think this one IS a foreclosure though because when I first saw it being renovated in ’06- they were asking in the 200K’s. Adair Park is another neighborhood with nice bungalows…

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Are home owners getting smarter?

I would hope that fewer cash-outs mean that home owners are realizing that they should not take anything out right now, and not that they couldn’t due to the decline in value. But, see below:

Fewer Home Owners Take Home Equity
The number of cash-out refinancings fell to a three-and-a-half-year low, Freddie Mac said Friday.

Cash-out refinancings totaled $37.8 billion in the fourth quarter of 2007, down from $77 billion in the same time frame a year ago.

“This is real evidence of the upset in the mortgage credit markets as well as the impact of the decline in home values that occurred late in the year,” Amy Crews Cutts, Freddie Mac’s deputy chief economist, said in a statement.

“Research conducted by Fed economists suggests that consumers are more sensitive to changes in their home equity than to changes in stock market wealth,” Cutts said. Less home equity will likely have a dampening effect on spending, she added.

Source: Reuters News (02/08/08)