If you are a buyer of real estate right now, you are in a great position! Interest rates are SPECTACULARLY LOW. And alot of other buyers are staying out of the market.
Nearly 2/3 of Americans (63%) say they are less likely to purchase a new home because of concerns about the economy, according to a survey by Findlaw.com, a division of Thomson Reuters.
In particular, economic conditions appear to be driving lower-income families out of the housing market. Families with annual incomes of less than $50,000, were more likely to say they are less inclined to buy a house than people with higher incomes. Strict lending requirements are making it more difficult for many people to obtain mortgages, the survey says, and high unemployment rates are raising concerns about housing appreciation, affordability and foreclosures.
Given all that, I'll say again. Now is the time to buy for the best prices, more choices and best interest. Go for it! Call my team today!
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