Market Climate Warms For House Hunters

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Real Estate Sales Representative with www.Peeka.info

Market Climate Warms For House Hunters

Source: Chicago Tribune | May 6, 2011

Traditionally, spring is when prospective homebuyers come out of hibernation and begin the hunt for their next residence. But with the economy still in flux, many house hunters are wondering whether it is the right time to buy. Some experts say the worst of the housing slump is over. "I'm hopeful the spring will be better, because the job market is improving," said Celia Chen, senior director at Moody's Analytics, who expects housing prices to bottom out nationally by the third quarter. Despite the uncertainty surrounding the housing market, experts say, the market climate can't get much better for Americans poised to put down roots. "Confidence is building, prices are down, interest rates are wonderful for a 30-year fixed-rate mortgage. It's a good time to borrow money," said Dorcas Helfant-Browning, managing partner at Coldwell Banker Professional Realtors. While the housing market might look gloomy, experts say the financial advantages of home ownership remain. To help sort through the pros and cons of buying now, here is advice from experts. [Read this article]

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