With interest
rates still at
near record lows
and the
employment
market
continuing to
improve, we are
experiencing, as
predicted, an
already wide
open real estate
market in the
very early days
of March.
Stories of
multiple offers
on the same home
and bids in
excess of asking
price have gone
from the
exception to the
norm. What a
fabulous
opportunity for
homeowners whose
equity
evaporated back
in 2008 to get
their real
estate lives
back on track.
Adding to the
strength of our
current market
is the
reemergence of
long sidelined
first time
buyers who have
discovered a
loosening of
credit terms and
also lowered
down payment
amounts on FNMA
and FHLMC backed
home loans (from
5% to 3%). Big
changes like
these are
combining to
make owning
cheaper than
renting in many
instances…and
the millennials,
along with the
rest of us, find
that a very
enticing
environment.
Current homeowners
taking advantage
of this strength
in the
marketplace can buy up
with a much
larger
down payment than
would have been
thought of just
a couple years
ago. With 30
year home loan
mortgage rates
still in the
vicinity of 4%,
the cost of
moving up is
less than you
might think. Its
truly a Win-Win-Win
situation.
I'd be happy to help you
now, while
conditions are
better than at
any time in the
last decade. Get in touch today to
discuss the
possibilities.
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