Home Prices & Interest Rates drop again!
Normally home prices dropping would be bad news. But I guess interest rates dropping is always good news. However if you are contemplating a home purchase this should be music to your ears. Why is now the time to buy?? Because you are sure of 2 things right now. Home prices are very depressed and interest rates are at historic lows!! Will these two factors ever be this favorable at the same time again?? Probably not. Foreclosures are being grabbed up pretty quickly by the investors that have finally started swooping in. That means by next year a great deal of inventory will be gone — you know the laws of supply and demand. The interest rates are anyones guess. They always go up — by how much is another guess. But everyone in the industry agrees– the rates have to go up soon as the banks cannot afford to keep tying themselves into such low interest mortgages if they are to flourish in the future. So.. call me or email and I will set you up on an internet program that will email you all the available homes: foreclosures, short sales, stepless ranches — whatever your wishes may be I can set up a program to search for it!
