There are so many reasons to buy right now that I just had to share the top 3 with you. Many people actually are NOT aware of the fact that the market has SHIFTED again and its on its way back up! What does this mean exactly? Does it mean that the value of your home is going to increase 10% over night? Well....
What it means is that prices have hit bottom and stabilized, and sales are rising. In fact, sales of previously owned U.S. homes jumped 7.2 percent in July to mark the fastest pace in nearly two years. The largest increase since 1999!!!
It also means that the "housing affordability" is the highest its been in 18 YEARS!!! Yes, homes haven't been this cheap in 18 years!!!
And it also means that you have a very limited opportunity to cash in on affordable housing, low interest rates and the $8000 Tax credit. In all honesty, you need to be under contract by beginning of October to allow for your loan to close in time and still receive the tax credit! So let's start looking this weekend!
Activity will continue to increase, houses will continue to sell, likely at an increasing pace, and buyers are likely going to find the bottom of the market laughing at them in their rear-view mirrors. However, housing prices are probably unlikely to begin to rise significantly any time soon, as more foreclosure and distressed seller properties will be hitting the market.
Let The Castles By Chrissy Team find you that amazing property for you at that amazing price! Email us today at homes@castlesbychrissy.com and give us your search criteria. We would love nothing better than to look back at this time and say "Wow, you were lucky you bought in Fall of 2009!"
ActiveRain Corp. is not responsible for the accuracy of the site's content (which is written by members of the ActiveRain Real Estate Network) and does not endorse the views of the real estate agents, mortgage brokers, and others listed here.
Powered by the ActiveRain Real Estate Network
© 2012 ActiveRain Corp. All Rights Reserved