TIME IS SHORT–GET OFF THE FENCE!
Becoming a home owner will most likely never be as inexpensive as what it is today. Real estate experts surmise that the year of 2012 will be the last chance for potential home purchasers to take advantage of the best buys of the weak housing market.
With mortgage interests rates at record lows and home prices down nearly 40% nationally since 2006, buying real estate has never been more affordable. Unfortunately, all good things will eventually come to an end. The chief economist for PNC Financial Services says that he believes home prices will stabilize by the 3rd quarter of 2012 and start increasing by 2013.
The decline in the amount of foreclosures along with (and most importantly) positive job growth will continue to help with the real estate market rebound. Additionally, home purchasers should have access to mortgages as credit scores and personal finances begin to recover.
Prospective home purchasers currently sitting on the fence shouldn’t fret too much if not quite ready to pull the trigger. Most real estate experts predict that the initial price gains will be modest in most market. Interest rates, on the other hand, may being their incline at a more rapid pace.
Interested in taking advantage of the currently real estate market? If so, call me directly for a free consultation: 208-869-3469