It's a Great Time to Buy a Home!

By
Real Estate Sales Representative with Keller Williams Realty, Spartanburg, SC

2008 is now behind us.  It brought a huge shift in the real estate market as well as the economy.  Many potential home buyers were eliminated from the purchase pool due to more stringent regulations and credit requirements.  Others just wanted to wait until they were sure the economy was stable.

2009 is now upon us and Home Buyers are asking, "Is now the RIGHT time to purchase a new home?"  We don't have a Crystal Ball, however; based on current statistics for our market it would appear that we have bottomed out.  Interest Rates are at historic lows with most under 5%.  There is still a good inventory of homes to choose from and many sellers are motivated to get their home sold.  With all that information, we believe it's a Great time to buy!

Most predictions for our market are that inventories will be reduced through the third quarter and by the end of 2009 we would be in a "level" market or even a "Seller's" market and home prices will begin to increase.  There will also be fewer incentives from builders as their New Home Inventories will be at record lows.

Home Prices, Interest Rates, and Selection all indicate that now is a Great Time to Purchase!

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Rainmaker
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Trey Affolter
Keller Williams Realty - Tacoma, WA
Brings HOME Results!

- interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.

Best wishes for 2009!

Trey Affolter

http://www.treysellshouses.com

Jan 03, 2009 11:47 AM #1
Anonymous
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Anonymous

Here we are into February and it's still a great time to buy.  These rates aren't going to last forever and one day it will be a seller's market.  You may not want to miss this train.

Feb 13, 2009 04:15 PM #2
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