THINKING ABOUT BUYING A HOME? IT'S NOW OR NEVER! At least for a while...

If you've been thinking about buying a home, your window of opportunity to capitalize on the "perfect REAL ESTATE storm" we are currently experiencing may soon disappear. Why? Check out these 4 facts:

1. Overall "Affordability" is better than ever. According to the National Association of Realtors' housing affordability index,  homes were more affordable in December than at any other point since the group started the index in 1970. The NAR's affordability index is a measure of the relationship between home prices, mortgage interest rates and family income.
2. The market is fast reversing from a buyer's market to a seller's market.
3. Mortgage rates cannot get any lower than they are
With rates this low, buyers are once again FLOCKING to the market, especially as the spring and summer buying seasons kick in.
4. Tax write-offs and equity build-up are a homeowner's best friends
If you have been thinking about buying a home and can afford a FIXED rate payment for 30 years, take hold of the American dream and buy a home now!  Otherwise, we'll see you in 15 to 20 years when the market might POSSIBLY return to a PERFECT STORM scenario like we have now.

HAPPY HOUSE HUNTING :)

Francoise Pichon- Realtor, Investor, Real Estate Trainer



  • January 23 2013 - Long Beach
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Answers (2)

Profile picture for wetdawgs
Oh my!   It seems as if this message appears again and again and has been doing so for the last 20 years.

2)  yeah, heard that before.

3) yeah, heard that before.

4) Seems like the average buyer doesn't pay enough interest to have tax write offs.   Perhaps some clarification is needed here.

  • January 23 2013
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Good time to buy, sure. Cheesy pitch, sure
  • January 23 2013
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