With the turn of the new year we have seen a very unique market in local counties. Economsits, real estate professionals and lenders have shared continuously that it is a GREAT time to buy. In fact, just a few weeks ago Warren Buffet stated in an interview in the San Jose Mercury News that anyone who has money invested anywhere (stocks, bonds, etc) should pull all of their money and RUN, not walk, to a real estate professional and buy a home. Well, this says it all.
But what does it mean when people say "it is a great time to buy". For one, interest rates are historically low. This means not only are you building more equity over the term of your loan (more of your payment is going to principal), but you are also getting a better value when you purchase. Secondly, we have officially hit our low. Home prices have consistently stayed at all time lows for the past 9 weeks, and in fact have dropped lower than our historical drop in February 2009.
This is a prime time to buy, and qualifying is much easier than you may think.
Feel free to contact me with any questions or to discuss your possibilities to buy.
Showing posts with label interest rates. Show all posts
Showing posts with label interest rates. Show all posts
Thursday, March 15, 2012
Friday, January 7, 2011
2011 Opporunity Knocks!
Historically low interest rates and bargain prices have made homeownership the most affordable it has been at any time during the past 40 years. And while the market won’t shift overnight, dramatic decreases in new home production and household formation suggest that as demand for homes returns over the next couple of years it could outpace supply in some places.
This month I have sent an interesting piece about the current state of the national housing market and the opportunity it presents for those who are ready to take advantage of it. Nobody knows exactly how the recovery will unfold, but over the long run, owning property in America has always been a solid investment.
Keep in mind that all real estate is fundamentally local. If you’re interested, I’d be happy to tell you more about the housing situation in our area. Please don’t hesitate to call and ask!
This month I have sent an interesting piece about the current state of the national housing market and the opportunity it presents for those who are ready to take advantage of it. Nobody knows exactly how the recovery will unfold, but over the long run, owning property in America has always been a solid investment.
Keep in mind that all real estate is fundamentally local. If you’re interested, I’d be happy to tell you more about the housing situation in our area. Please don’t hesitate to call and ask!
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