If you ask me how I feel about the Tallahassee market then I would have to say, "It's a great time to buy". Home prices are finally on the rise and I think that it is safe to say that I feel we may have finally hit the bottom in Tallahassee. The Florida Association of Realtors states that U.S. home prices rose 1.7 percent on a seasonally adjusted basis from December to January, according to the Federal Housing Finance Agency's (FHFA) monthly House Price Index. This is great news!
Inman news also stated on March 26th2009 that Mortgage Rates have not been lower since 1971 and Freddie Mac chief economist Frank Nothaft said that "compared to a 30-year fixed-rate mortgage taken out at last year's high of 6.63 percent on July 24, the current rate represents savings of about $225 a month on a $200,000 loan". This is awesome news and just more reasons why you should buy a home now! Why wait to make one of the best financial decisions that will pave the way to your future wealth!
For more information on the Tallahassee Market give me a call! You can reach me at 850-591-2599 or email me at julie@ringtherivers.com
Julie Cox-Money
Buyer Specialist
The Rivers Team
Keller Williams Realty
850-591-2599
julie@ringtherivers.com
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