Been Timing the Annapolis Real Estate Market? Thanks to the Fed, It's Time to Make a Deal

The Federal Reserve Announced Wednesday That It Will Inject $1 Trillion Into the Financial System By Purchasing Treasury Bonds and Mortgage Securities

Bottom line for Annapolis area home buyers? The best interest rates you're likely to see for a while. I just got off the phone with a lender who told me he's quoting rates of 4.75% on 30-year fixed rate conforming loans and 5% on FHA loans.

He also told me this: the appraisers he's been talking to in the last couple of weeks are coming in with appraisals that are above selling price - a good indication that home prices have bottomed out.

From the street level, we sense something is happening here. Buyer confidence is on the rise as the stimulus package gains traction. Showings on our listings are up and more buyers are calling to schedule home previews. In the past week, we've received four offers on listings we have. These are all very encouraging signs.

The recently announced $8,000 tax credit for first time home buyers has been a real boost, as well.

If you've been trying to time the market and think it might be time to strike, give us a call or send us an email. We - The Moss Haedrich Team of Keller Williams - work with an experienced team of advisors who can help you figure out whether this is the right time for you to buy. No pressure, no hassles - just sound advice you can use.

Our email address is kenhaedrich@gmail.com and our cell is 410-507-7222.

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