Buy NH Real Estate in 2011?
Sunday's Wall Street Journal online had a great article about the affordability of homes.
We tend to be focused on prices, have values hit bottom, where are interest rates, all important considerations in determining your game plan in terms of whether you will buy NH real estate in 2011.
Again, another piece written with nationwide stats in mind, WJS reported Pimco is saying there MIGHT be some areas that may see 5% more coming out of values. This is insignificant when you consider the price to sold ratio is between 3-5% in our NH real estate market.
What caught my attention is the simplistic affordability statements by Moody's Analytics, they said nationally the cost of a house is about 19 months worth of income. This is the lowest it has been in 35 years. Prices typically average close to 2 years in pay.
Every day I read more, hear more about how now is a great time to buy NH real estate in 2011.
We are seeing investors and high end buyers buying, not to flip, but to own. Why? I say its because they are smarter than the average bear and they see the opportunities.
If you are a New Hampshire real estate buyer sitting on the fence, get out there. Find your great deal in 2011 and get an interest rate near 5 and lock it in. Don't be one of those people that said, "I wish I had bought before prices and interest rates went up."
Don't be a Bedford NH fence sitting buyer.
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