Where can I buy a House for less than $ 800 per month

While the nation's real estate disaster was a nightmare for homeowners, he created some remarkable opportunities for potential buyers. Home prices in 20 major cities during the summer of 2006 fell 33% until spring 2009, and in some markets dive was steeper. At the same time, the Federal Government's efforts to revive housing market helped drive the costs of the record. Thirty-year fixed mortgage rates fell by an average 4.32% for the week ending 2 September. This is the lowest level in almost 40 years. Lower property values and cheap mortgage rates together to restore availability for many real estate markets that were once wildly inflated. "Right now about affordable housing, as was the case with at least the 1970s," says Patrick Newport, Economist USA for IHS Global insight.

To see how much your property will stretch dollar at different locations across the country, u.s. News examine housing costs based on monthly payments. We started with data median House prices Association of Realtors for individual metropolitan statistical areas, 159 in the second quarter of 2010. 20% down payment, after deduction of the average price, we connected picture in mortgage calculator by 4.32% interest rate on a 30-year fixed loans. The picture for a monthly payment of the mortgage principal and interest that represents major most owners monthly housing costs.(Note that this figure does not include monthly cost of utilities, insurance and taxes, which may vary very much from one place to another and does not reflect the non-recurring costs associated with home ownership, such as price) Using this calculation, here's a look at 10 sites where you can buy a House for less than $ 800 per month.

[Photo: 10 great places to buy a House for less than $ 800 per month.]

1. Austin, TX: anyone who has ever visited the lovely Austin knows that it's much more than just the capital of Lone Star.A big barbecue, abundant greenery and world-class music scene have transformed this city 735 000 in one of the favorite destinations of the nation and at home at the University of Texas and the heart of dynamic local economy, Austin offers wonderful quality of life for residents and tourists. Average house prices in the area of Austin was about $ 197 million in the second quarter of 2008, a slight increase from a year earlier. After 20% down payment — from $ deal — monthly payments to the mortgage principal and interest at an average price of homes in Austin to reach $ 782.

2. Sarasota, Fla.: despite the exotic mortgage products and the excitement of investor sent home prices in Sarasota, increasing during the housing boom and subsequent crash hit the market as hard as anywhere else in the State.The average price of homes in the Sarasota fell from $ 311.000 in 2007 to $ 185.000 in the second quarter of this year. But it's a sharp fall in this community, Sun drenched, on the West coast of Florida more attractive for domestic buyers, says Jack McCabe McCabe & consulting research.McCabe said Sarasota smaller provides its residents with more manageable lifestyle — with less traffic, for example — the big cities like Tampa Bay or Orlando.At the same time the area was beautiful promenade and many art museums and theatre productions. anyone considering buying real estate in Sarasota, Florida should be at the top of their list, according to McCabe has a big market, "he says."I really expected over the next 20 years, it will be one of the most desirable markets in Florida for baby boomers retire. ", Average house prices in the Sarasota was $ 185.000 in the second quarter of this year.After the deposit of 20%, or $ 37000 — down, monthly payments on the mortgage principal and interest at the average price of Sarasota area home to reach $ 734.

[Photo: 10 cities for Real Estate steals]

3. Albuquerque, n.m.: vibrant mix of cultures of native American, Hispanic and Anglo makes Albuquerque, one of the most diverse communities nation. residents can explore this unique heritage through expansive menus town museums, art galleries and theatres, an enviable climate. more than 300 days of sunshine a year, provides many opportunities for golf, biking and hiking in winter skiers and snowboarders can hit the nearby Sandia Peak ski area in winter months, the average house price in Albuquerque was $ 178 million in the second quarter of 2008, down about 2% from last year after 20% down payment or $ 35.600 — monthly payments to cover the mortgage principal and interest at an average price of Albuquerque homes accounted for approximately $ 706.

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Where can I buy a House to retire up to $ 600 per month

For Americans who want to buy a retirement property historical estate crash has created all kinds of opportunities. Home prices in 20 major metropolitan areas fell by around 28% of the maximum. At the same time, the Government's efforts to ramp up the demand for housing have significantly reduced the cost of mortgage borrowers. Fixed mortgage rates in thirty years was 4.37% for the week ending 16 September, only slightly above 39-year-old fall reached two weeks ago. Below, together, home prices and cheap mortgage rates have made home buying much easier than a few years ago. And the real estate value of many traditional retirement spots like Florida and Arizona fell even harder than the national average, Americans are willing to stand up for the second half of her life, particularly favourable position. To this end, u.s. News has compiled a list of 10 places where retirement home buyers will be able to acquire the property for less than $ 600 per month.

[Photo: where to buy a retirement home up to $ 600 per month.]

In putting together our list, we've got the average home price data from the National Association of Realtors for metropolitan statistical areas, 159. After deduction of 20% down payment, we connected a picture in the mortgage calculator, 4.37% rate on a 30 year fixed mortgage.We then looked at the desired retirement destinations and whose monthly mortgage payments amounted to less than $ 600. Please note that these monthly payments reflect only the costs of the mortgage principal and interest that will represent the majority of the homeowner's monthly housing costs. However, it does not take into account expenses, taxes, insurance and utilities that may be very different from one place to another.

1. Phoenix: with more than 200 golf courses, many miles of outdoor trails and an array of museums and art galleries, Phoenix area has long been an attractive destination for retirement.Prices of homes in Phoenix in 2006 doubled from 2002 but fell like a deflated 51%, real estate bubble. Nevertheless, bust, helped make the market more accessible to potential retirement home buyers. Average house prices in the Phoenix area was $ 145 million in the second quarter of 2010, up to 11% a year earlier. Customers who put down 20%, or $ 29000 — at an average price of Phoenix homes will have monthly payments of approximately $ 579 for mortgage principal and interest.

2. Las Vegas: several u.s. cities have seen prices swing wildly, as they did in Las Vegas over the past 10 years after nearly doubled from 2002 to 2006, real estate values in Sin City has since fallen to 57%. But a glitzy Casino, abundant Golf and 320 sunny days in the year continues to make life pleasant for pensioners. Average house prices in the Las Vegas area was $ 142 million in the second quarter of 2010, a slight increase from a year earlier. After you make 20% down payment-from $ 28.400, buyers will have a monthly payment of $ 567 at an average price of homes in the Las Vegas area.

3. San Antonio, Texas: this town has 300 sunny days a year, more than 50 golf courses, 21 individual parks and calendar, packed with festivals and events.History buffs can check Alamo, where Mexico and Texan troops put their legendary battles in 1836, while art lovers can visit one of 63 local galleries.The average home price in San Antonio was $ 148.000 in the second quarter of 2010, reduction of approximately 3% from a year earlier.Customers who put down 20%, or $ folding — at an average price of San Antonio homes will have monthly payments of approximately $ 591.

[Photo: 10 great places to buy a House for less than $ 800 per month.]

4. Greenville, s.c.: Greenville tucked into the foothills of South Carolina beautiful Blue Ridge Mountains. 39, minor league baseball Parks and 14-acre Zoo makes this city 62000 attractive to de average house prices in Greenville 7%, to $ 150 million, in the second quarter of 2009, with the same period this year, the 20% down payment is $ 30 000, buyers will have a monthly payment of $ 599 for principal and interest at an average price of homes in Greenville.

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Five reasons to sell your House yourself

Three times per week, personal finance, renowned author Jennifer Openshaw talks about how to create wealth-and a whole series of great ways to use it.

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Five reasons to sell your House yourself

Three times per week, personal finance, renowned author Jennifer Openshaw talks about how to create wealth-and a whole series of great ways to use it.

View the original article here