Summit Real Estate Blog

Wednesday Morning Coffee - Buyer's Purchasing Power

Wednesday Morning Coffee - Buyer's Purchasing Power

Happy Wednesday Morning to YOU! With all the talk about interest rates in the news right now, I thought this little graphic would shed some light on how rates actually affect real estate buying power!  A 1% increase in interest rate equates to a 10% ...

Read More

"Boomerang Buyers" - What Happens After Foreclosure

'Boomerang' Buyers Flying Back [INFOGRAPHIC] Note: “Boomerang buyers” are former homeowners who have gone through a short sale, foreclosure, or bankruptcy in the past few years and are saving up for a down payment to purchase a home ...

Read More
Why NOW is the Right Time to Sell

Why NOW is the Right Time to Sell

The #1 Reason You Should Sell NowPosted: 13 Jan 2014 04:00 AM PSTThe price of any item (including residential real estate) is determined by ‘supply and demand’. If many people are looking to buy an item and the supply of that item is limited, the ...

Read More
2014 and Interest Rates

2014 and Interest Rates

Predictions for 2014: Interest Rates Will Increase Significantly   Predictions for 2014: Interest Rates Will Increase Significantly Posted: 08 Jan 2014 04:00 AM PST Most experts are calling for an increase in mortgage ...

Read More
Predictions for the New Year

Predictions for the New Year

Predictions for 2014: Sales Will SurgeMany housing pundits are calling for home sales to do slightly better in 2014 than they did in 2013. To the contrary, we strongly believe that home sales will skyrocket with increases of 10-15% in 2014. Here are ...

Read More