I wish I had bought then

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.

This entry was posted in Home Buyer Tips, How to Buy a Home, MN Housing Market. Bookmark the permalink.