A real estate blog for the edification of consumers, clients, and fellow REALTORS based in Ventura County.
Wednesday, July 7, 2010
Homeownership - more affordable than ever
The latest economic news can seem bleak. Experts and pundits suggest that the recovery may be slower than anticipated. Job growth, the deficit, unemployment figures- all contribute to the general feeling of malaise. Guess what? There has never been a better time to buy a home. Due to all the factors at play, interest rates are at record lows and home prices have not been this attractive in a long time. Sellers are more motivated than ever and great concessions can be snagged by the savvy buyer. The first time home buyer tax credit may be a distant memory but it has made it's impact on the market. Sellers are keenly aware that they may have to make up for that loss. Tax incentives are still in play and there are even new loan products available, especially for distressed properties. What are you waiting for? Interest rates and home values to begin their inevitable climb upward? If a new home is in your future your future may be right now.
Labels:
economy,
real estate,
recovery,
taxes
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