Another Sign The Bottom Is Near

Home sellers in Laurel Maryland take heart. The bottom is on the horizon.

I have always told my buyers and sellers that when first time home buyers can afford a decent home on a $50,000 a year salary, that is when the market will have bottomed out.

An article in the Wall Street Journal has confirmed my theory. The article stated that existing home sales increased over five percent in February. The reason for the increase were first time home buyers.

Ok lets review again why now is the bets time to buy.

• low interest rates
• housing inventory shrinking
• government incentives to buy homes
• some mortgages now below some rents for comparable homes
• homes are more affordable

If you haven't jumped into the pool yet, what the heck are you waiting for?

For more information about Laurel Maryland, visit Maryland home sales.