Rochester Real Estate Update

As we start the new year, everyone is hopeful for the economy to kick back in and things to be like they were! However, the systems are not all in place for that to happen, but it will.

The first to jump in is the mortgage companies and they currently are offering home mortgage rates unheard of in the past! You can get an interest rate in the low 4% area depending on credit scores and number of years for the term of the loan.

The Greater Rochester real estate values are as good as they have ever been for buying. the prices are equivalent to prices in 2007 and in some places may be lower. Overall, our home values have held throught this recession so far. They just aren't going up.