Is Now the Time to Buy?

 

A lot of people are currently asking themselves “Is now the time to buy a home?”

 

Of course, this is a question that each individual must answer for themselves, but there are a number of compelling reasons why now is a great time to buy a home.

 

  1. Interest rates remain at historic lows.  Interest rates are currently low, but much of the reason for the continued lower rates is intervention by the Federal Reserve.  As the economy improves, the Fed will pull back and rates will rise as a result.

 

Mortgage rates up slightly, still near record lows The Associated Press

 

  1. Home prices are down.  This coupled with the low interest rates make for some great opportunities now.  There are indications that the market is improving, both on a national and local level, and that home prices and sales volumes are increasing as a result.    

 

Index Shows an Improvement in Home Prices New York Times 

 

Local homes-sales report for July brings some hope Colorado Springs Gazette

 

  1. First Time Homebuyer Credit of $8000, program ends December 1st.  The First Time Homebuyer Credit is a truly amazing program that can provide new homeowners with up to $8000 in cash.  This is as close as most of us can come to “free money.”  It is a tremendous opportunity for those who qualify, but the program is ending soon.

 

Act fast! Homebuyer tax credit ends soon CNNMoney.com

 

Of course, each buyer’s situation is unique, but there are certainly compelling reasons to buy a home now. 

 

At Morning Star Real Estate, we are experts in finding homes that are exceptional values!

 

Let me review all of the available homes (bank owned, short sale, and others) and provide you with a list of value priced homes that will meet your specific needs.

 

Call or email me today.