Recent Folsom, Granite Bay, El Dorado Hills, and Sacramento Real Estate News Posts
It's a Great Time to Buy a Home
Post Your Comments Published by Patrick Warholic on January 5, 2007 at 1:42 AM.
Low rates and extraordinary Inventory have created perfect conditions for home buyers.
Take a moment to consider these facts:
You've never had more homes to choose from...
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Take a moment to consider these facts:
You've never had more homes to choose from...
- There are currently 3.75 million homes for sale. Inventories in recent months have been at record levels, offering consumers the greatest choice in decades.
- However, inventory levels are falling, and the selection of homes will become limited once again.
- Former Federal Reserve Chair Alan Greenspan recently said that housing prospects are looking up. "Most of the negatives in housing are probably behind us. The fourth quarter should be reasonably good, certainly better than the third quarter." According to industry estimates, 2006 will be the third-best year on record for home sales.
- At 6.4 percent, the average 30-year fixed rate mortgage rate remains near 40-year lows. This is more than an entire percentage point below 2000 levels. For a $250,000 loan, a drop from 7.5 percent to 6.5 percent means an annual savings of $2,000.
- The average home value increased by 88 percent over the last ten years. In the decade to come, the number of US households is expected to increase by 15 percent, which means housing will stay in high demand.
For more information from California Home Network visit Patrick Warholic, The Internet Home Marketing Specialist for free MLS property searches, free real estate reports, information for sellers, information for buyers, and find out exactly what your home is worth with a free home valuation, with current up-to-date market information provided for you.
Contact Patrick Warholic, Realtor, CCRA, SRES, ASP, and e-PRO certified.
Labels: Buying, Homes, Properties, Real_Estate
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