More affordable homes in this market!
Good Monday Morning!
One of the things that I see happening in this current Real Estate market is the fact that many people who previously could not afford to purchase a home are now finding themselves able to buy a home. This has been set up by the fact that home prices have declined significantly over the past two years and mortgage interest rates remain at a historic low level. This combination of events has made home ownership a reality for many who just simply could not quailfy for home purchase just a short time back. With a local Real Estate market that very well may be hitting bottom, the chance for many buyers to take advantage of this situation could be short lived. Once home prices begin to climb out of the hole, homes will certainly become less affordable for buyers who are on the edge with their financing. The other wild card of course is the mortgage rate uncertainty. An increase in home prices along with any kind of escalation in mortgage rates could spell disaster for many of these buyers.
My suggestion at this time is very simple. If you would like to purchase a home, don't delay. Visit a reputable lender and find out what you might qualify for in this market. You might be pleasantly surprised. If you need the contact information for a good lender, please contact me. I have several very good local lenders that I would suggest.
Have An Awesome Week!
THIS WEEKS HOT HOME LISTING!
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5075 G ST, Springfield, Oregon
Description: Very charming home with well-landscaped front & back yard. Completely remodeled inside with fresh paint, new carpet and flooring throughout. Fantastic garage with work area. Well-fenced & spac .... |
AND HERE'S YOUR MONDAY MORNING COFFEE!!
Sincerely,
Galand
