Longterm Rates Set New Record Low
Posted on | July 4, 2010 | No Comments
This is the ideal climate to purchase real estate due to record low interest rates, low inflation, high inventory in our Downeast area, plus the many tax credits presently in place. To use a nautical term it is the “Perfect Storm” made famous by the novel and movie of the same name. It is a convergence of many factors that is typically uncommon in the buying process and will not likely to happen again.
If a new, different or vacation home is in your future now is the time to get serious and get the process going. For like all storms this too will pass and no one knows with any certainty when one of these factors will “head south” and change the equation. The one thing we all know is that you can count on an upcoming change. For it is often said, “that change alone is changeless”. It is best to call your real estate broker, bank and or tax professional to take advantage of this oxymoron, a “Perfect Storm” for buying real estate.
This is also an opportune time for sellers to get their home on the market and price it right due to the “Perfect Storm” conditions for buyers mentioned above. Buyers historically react to such present market conditions and start to look at real estate this time of years. How will you ever sell your house if it is not on the market and priced right? Act now! I would be glad to help you in this process.
Click on the words below for additional information:
Realty Times – Once Again All Rates But 1-Year ARM Hit Yet Another Record Low.
Comments
Leave a Reply