What A Move By Hank Paulson (Thursday, September 11, 2008)

A historical precedence took place with the Federal Reserve providing a bailout of Freddie Mac and Fannie Mae this week.  I personally have reservations to the long term effects this move will have on long term stability of our financial markets but for now we can enjoy a tremendous relief in interest rates.  15 year fixed-rate mortgages are going on average at about 5.6% this week, down about a half of a percent from a year ago.  It is the best time, in my opinion, to purchase your next new home with home pricing being at a near rock bottom with respect to valuation and interest rates just couldn't be better.    

Whether buying or selling a home, knowing the home value is of utmost importance. Plus, finding out what home values are like in the surrounding area helps keep asking prices in check. Get a leg up on the competition with the home valuation tools offered by me, Beth Hicks. I can help you find out what the home value is of your house, as well as house values of your neighbors too.

It  is of my opinion that we may have come close to a bottom in the housing sector as I review national data as well as our own.  Home builders such as Pulte Homes or KB Home Builders are indicating current inventory is dwindling down some.   Look at www.BethHicks.com and see if I have a listed home that may be suited to your needs.  If not, call me and we can discuss what would make your dream home.  Or if you are interested in listing your house, I would be glad to make up an analysis of your current home value.  Time is of the utmost importance now more than ever to get your real estate needs met.