The Current Market Is Fragile
I just read an article that talked about the current state of the real estate market. It appears the experts believe we have hit the bottom of the market crash and home prices have shown to be increasing. The mortgage rates are still at historic lows and the tax credit for first time home buyers appears to be doing it’s job.
There are still many waiting and hoping that the tax credit will be extended and maybe even increased. Others are hoping that the tax credit will be offered to all home buyers and not just ‘first time’ home buyers. The wait to see which bills pass congress will be filled with anxiety.
There is also the matter of the ARMS loans coming due and the foreclosures that may follow. The increase in foreclosures could potentially cause home prices to fall again.
Become informed of the current market and contact a professional before making any real estate decisions. With the fragility of the market...timing is everything.
Brought To You By Randy Charlton Of Century 21 Home Realtors.