Market Confidence Up Among Buyers

It was reported today by Fannie Mae that in a recent poll, 70% of people in our nation felt that now was a good time to buy a home.  This can only be positive news for our real estate market moving forward.  If more people become interested in buying homes, realizing what good deals there are to be had out there, it will reduce our back logged inventory, creating a more balanced and level real estate market.  Now that we have a large portion of our population realizing that it is, in fact, the most affordable time to buy a home since the 1970’s, its time for more people to begin acting on that knowledge to spur this recovery on.  If you know someone who is renting, and probably could afford to own a home, or if you yourself have been thinking about buying…STOP WAITING!  These interest rates at historic lows won’t last forever, and have actually been creeping up over the last 2 weeks (only by .25%, but its still more than it was before).  If you want to get the best deal, you have to go out and make it happen BEFORE the recovery is universally acknowledged.  By then, rates will be back at a more normal 5-6% since they won’t need to give such good deals just to get people in the door, the inventory will be reduced meaning there will be less options for you, and prices will be either level or ascending meaning that the sellers won’t be so quick to work with lowball offers and requests for large amounts of seller help.  If you want your part of the best real estate market for buyers, than make it happen.  Call your local Realtor if you have one already (I’m in Maryland,  so if that’s your local area, call me 443-745-1593), or if you need a recommendation for someone near you in other parts of the North American contenant, call me as well!  I can recommend you to great people I know nationwide.  Get a great deal, help our nation recover faster, and get great tax benefits from ownership for the rest of your life: Everyone Wins!