Now is a great time to buy or sell a home
Right now may actually be one of the best times to buy a home. Consider these facts:
Interest rates are near record lows
Today's interest rates are comparable to 40-year lows, offering homebuyers a once-in-a lifetime opportunity. According to Freddie Mac, today's mortage rate averages 6.31 percent for a 30 year loan.
The current large inventory of homes won't last
There are currently 3.75 million homes for sale. We have had a record inventory of homes on the market in recent months, offering consumers the greatest choice in decades. Here in our Bradenton - Sarasota market it appears that the inventory is stabilizing and may soon start to fall.
Prices overall have stabilized
Contract for home sales in August were up 4.3 percent and the outlook is for home prices to increase next year. Our Bradenton - Sarasota market has sustained an 18 percent decline in prices from the high's of 2005. Prices seem to be stabilizing and people are still moving into Florida and our Manatee - Sarasota market stimulating demand.
Positive Outlook
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 reaonsably good, certainly better than the third quarter." According to industry estimates, 2006 will be the third-best year on record for home sales.
Real estate is a great investment
Homeownership is a safe, secure way to build long-term wealth. The national median price of homes bought ten years ago has increased 88 percent. The number of US household is expected to increase 15 percent during the next decade, creating a continue high demand for housing.
Don't delay
Now is a great time to buy or sell a home!
==================
Bradenton Real Estate
Premier Team Inc.
Interest rates are near record lows
Today's interest rates are comparable to 40-year lows, offering homebuyers a once-in-a lifetime opportunity. According to Freddie Mac, today's mortage rate averages 6.31 percent for a 30 year loan.
The current large inventory of homes won't last
There are currently 3.75 million homes for sale. We have had a record inventory of homes on the market in recent months, offering consumers the greatest choice in decades. Here in our Bradenton - Sarasota market it appears that the inventory is stabilizing and may soon start to fall.
Prices overall have stabilized
Contract for home sales in August were up 4.3 percent and the outlook is for home prices to increase next year. Our Bradenton - Sarasota market has sustained an 18 percent decline in prices from the high's of 2005. Prices seem to be stabilizing and people are still moving into Florida and our Manatee - Sarasota market stimulating demand.
Positive Outlook
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 reaonsably good, certainly better than the third quarter." According to industry estimates, 2006 will be the third-best year on record for home sales.
Real estate is a great investment
Homeownership is a safe, secure way to build long-term wealth. The national median price of homes bought ten years ago has increased 88 percent. The number of US household is expected to increase 15 percent during the next decade, creating a continue high demand for housing.
Don't delay
Now is a great time to buy or sell a home!
==================
Bradenton Real Estate
Premier Team Inc.
posted by Dan Forbes at
3:38 PM
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