People are always asking us – when is the right time to buy. They ask when the market is tight and when it’s wide open. It can be a difficult question to answer. So much depends on the individual’s circumstances. But the Broker/Agent Social recently ran a article that pointed to the answer being – the best time to buy is now.
Here are the points they highlight:
- Interest rates are dropping below 6% on residential mortgage loans.
- New home inventories are being absorbed.
- There is a continuous demand in most markets.
- Federal government is still offering a $7,500 tax credit that is scheduled to conclude in the summer of 2009
Check out the initial real estate article for more details.
Submitted by home buyer agent, Ron Jensrud.