WHAT DOES TODAY'S MARKET LOOK LIKE?
Every market is local. Ask a REALTOR®
what's going on locally.
This may be your best
opportunity market in years. Mortgage interest rates
are at record lows, home are priced more affordably
and there's plenty of selection.
And don’t be scared off by stories about a “credit
crunch.” Conventional loans are available for credit-worthy
buyers seeking these types of mortgages.
Is it a good time to buy?
People will always need to buy or sell a home
whether a move is job-related or you are ready to
downsize or expand.
The housing market has received a lot of
negative press lately with stories of mortgage
market tightening and increasing foreclosures. But
for the average person with good credit, traditional
financing is readily available.
It’s important to do some homework before you buy
to see what you can afford and what your financing
options are.
Housing is your best long-term investment
Over 10 years, a $10,000
investment in the stock market at a normal 10
percent market rate of return would yield
$23,600. The same investment as a down payment
on a $200,000 home at a normal appreciation rate
of 5 percent would return nearly 5 times the
stock market return, at $110,300.
Source:
National Association of REALTORS®
Read more on housing as an investment.
Why wait? It’s a good time to buy and grab
your piece of the American Dream.
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