The reversal in recent mortgage policy means the market is better positioned for a turnaround, according to the National Association of Realtors. When the TARP package passes Congress, we should see a boom in the economy that will transgress on into new housing investments. Purchasing a home while interest rates are extremely favorable and homes are now valued incredibly well makes the perfect storm for purchasing your new home. Why would you want to wait until things inflate again? Bubbles have a tendency to wax and wane. This downside of market values will turn one of these days and we will see higher housing prices as well as increases in interest rates if inflation creeps back into the mix again. CALL ME to discuss this further!
Are There Sign Of Life In The Lending Markets? (Friday, February 13, 2009)
The U.S. Senior Loan Officer Survey (SLOS) conducted over the first two weeks of January may be flashing early indications that banks are ever so slightly more willing to lend again, a critical element in opening up the flow of capital necessary to stimulate economic growth. With a stimulus package looming eminent with this administration, we should see a boom in the purchasing of homes and investment property. 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. With Spring around the corner, more homes will be bought and sold than anytime this year.
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.
