April 14th, 2009 FIVE REASONS WHY NOW IS THE TIME TO BUY REAL ESTATE
FIVE reasons why NOW is the time to buy real estate according to all of the major market indicators:
Interest rates are at a 50-year low.
Inventory is quickly diminishing (in fact, the current level of inventory is approximately ½ of what it was just 12 to 18 months ago).
Financing is not an issue as banks are flush with cash.
As a further incentive, the government is offering an $8,000 tax credit to all first-time homebuyers, something we haven’t seen since the 1970s!
Current prices are anywhere from 20% to 50% off the previous highs that we saw in the years 2003 and 2004.
When you put all these pieces of the puzzle together, low prices, money available at low interest rates and a signal showing an increase in demand in real estate, it spells out one message loud and clear: OPPORTUNITY!
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The data relating to real estate for sale on this web site comes in part from the IDX Program from NNEREN.