Why Buy in 2011?! I can think of a whole list o
f reasons to be a homeowner in the coveted Magical Valley of Walla Walla!
Featured Property. . .Just Reduced and Short Sale Approved. Click the link for a detailed brochure on this Preferred Listing!
The Top Four Reasons
- Mortgage rates are still at historic lows but beginning to edge upwards. It is anticipated that a rate hike will take place before third quarter 2011 as the Fed sees more positive economic recovery.
- The Washington real estate market is forecast to recover in 2012, meaning that prices will stabilize and begin to go back up. One thing is certain, if you wait to time the market's bottom you will miss it, just like those that kept betting the market would keep going up in 2007.
- The U.S. stock market, or more specifically the Dow Jones Industrial Average, rose 2,000 points in 2010, atop 2009's 4,000 point gain. The forecast for 2011's equity market is positive too. These are more signs pointing to economic recovery.
- You have a unique opportunity as you are not attached to an existing home like some who bought from 2003-2007 but might not yet be able to recoup their investment or down payment yet. This affords you a luxury of getting in during a unique period of discounted home prices and discounted mortgage rates that we may not see again for quite some time.
Thanks for reading. . .Why Buy in 2011?!
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