Why Now is an Excellent Time to Buy Your Dream Home

Times are tough for many people.  Job losses are at their highest since the end of WWII, retailers are going out of business left and right, and the average American family is lucky if they can afford health insurance. But for those of you who are fortunate enough to remain relatively unscathed, now is one of the best times in decades to purchase a home.

time-to-buy-02-03First of all, thanks to the FED ‘s attempts at stimulating the economy, interest rates have been on a steady decline. While lenders have definitely tightened their guidelines, for those with good credit, it’s not unheard of to lock in a 30-year fixed rate in the 5 percent range. The cost of borrowing money right now is better than ever, and an excellent time to upgrade. 

Second, because there has been such a slowdown in home purchases coupled, with the unfortunate rise in foreclosures, there is an abundance of inventory. Home values have come way down in some areas and many people are relieved to be able to jut sell their home, regardless of profit. For buyers in the market right now, this means there are lots of deals to be discovered.

If you have been tossing around the idea of a new home, but are still unsure of the timing, I have been in the business for more than 30 years and have the experience to help you make your decision. My name is Carol Wolfe and nobody does it better.