The news on the real estate front seems to indicate higher interest rates, buyer’s tax credit ending and less REO foreclosed properties. This seems to be worrying many of my buyers.
Everyone wants to get in while the deals are good.
Archive for February, 2010
Ok, another exciting Super Bowl is over and it has me thinking about the housing market. We’re about to see what happens to the market without the first time homebuyer’s tax credit (that ends in April), without Fannie Mae and Freddie Mac buying mortgages on the Secondary Market (that ends in March) and the end of the bank’s stimulus money. Any guesses what’s going to happen to interest rates? I can promise you with absolute certainty that they will go up.
So the big question is, are you going to stay on the sidelines or jump into the game before prices start to climb and your buying power starts to erode by 10 to 20%?