THE TIME IS RIGHT TO BUY

A lender I know is keeping very busy.  Between re-financing existing mortgages and working on new mortgages, he’s doing well.  This is a great time to take advantage of the market.  If you are a first time home buyer (have not owned a home in at least three years), you would qualify for the $8,000 tax credit.  In a previous post, I mentioned how and if you qualify for the credit.  

Here’s some food for thought:

Fundamentals Point To Strength

The basic fundamentals of the housing market point to higher prices ahead. Almost half of the properties being sold today are existing homes that are either owned by banks or homes on which banks are accepting short sales, allowing them to be sold for less than what is owed.

New homes or homes under construction are near all-time lows. The country’s demographics point to more potential buyers coming into the housing market than projected inventory in coming years. This all points to higher prices on the horizon as demand will be greater than supply. This is supported by the fact that the inventory of unsold homes fell 2.7% in January.

There are many reasons to buy at this time…..