The financial meltdown that our country is currently experiencing has benefits for some.
More and more renters are taking the leap to home ownership. Recent incentives, such as the government's $7500 tax credit, are persuading many young first time buyers to pursue permanent housing. The FED rate cuts also continue to increase these favorable conditions. Due to the gradual slowdown in the market these past few years, Buyer's have an abundant inventory of housing to pick from. This over supply has forced Seller's to slash their asking prices. Many home builders are also offering a variety of incentives to get their properties sold.
Although the lending standards are being reformed, as they should be, qualified first time buyers are still being approved for financing. Any buyer's that are on the fence with deciding whether or not to purchase a home should act now before the market turns.
Free Buyer Assistance and Pre Approval Information can be found at www.NEexperts.com .
Regards,
Brian Pfeifer
Your NE Real Estate Expert
RE/MAX Real Estate Group
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