Wednesday, January 30, 2008

Now May Be the Time to Buy:
What Are You Waiting For?

The time for prospective home buyers
to enter the market may be right now;
here’s why:
• Attractive interest rates
Historically speaking, the mortgage interest rates
are relatively low.
• Sizeable inventory
After approximately 24 months of a changing
market, there is a great deal of inventory. In fact, in Contra Costa County alone, there are ,700*
homes currently available for sale.
• 2008 is an election year
Historically the economy and the housing market have been strong during election years.

• Real estate is a strong, long term investment
According to the California Association of
Realtors, the average home purchased five years ago has appreciated 49%. Over the last 37 years, California real estate home prices have only dropped four times and yet prices have increased more than 2,100% during that period of time.

The bottom line is that reports of dramatic real estate market declines may be deceiving and some qualified consumers may benefit from purchasing a home now.

Don’t let this window of opportunity pass you by.
To begin searching for your next home,
please contact me today!