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!
