12 Most-Searched Housing Markets - Which cities are home buyers targeting the most? Realtor.com recently released its search rankings of 146 metros during the month of September. The Phoenix-Mesa market made the list at #7 with a median list price of $150,000. Read article:
http://realtormag.realtor.org/daily-news/2011/10/31/12-most-searched-housing-markets
Survey Reveals 5 Home Buying Myths - Overall, today’s home buyers tend to be fairly knowledgeable about the real estate market. However, a recent survey revealed five main areas of confusion. According to the survey, 41% of buyers think they will have to purchase private mortgage insurance, regardless of the amount of their downpayment. In reality, buyers only need to purchase PMI if their downpayment is less than 20% of the home’s purchase price. Additionally, 56% of the buyers said the purpose of the appraisal was to determine if a home was in good condition. In reality, the purpose of an appraisal is to estimate fair market value. Read article:
http://realtormag.realtor.org/daily-news/2011/10/28/survey-reveals-5-home-buying-myths
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