“Buying a home cannot get any cheaper than it is right now.” Headlines like this will not be as frequent in the year to come according to predictions made by housing experts. Housing prices are down 34% nationally since 2006. Chief economist for PNC Financial Services expects these historical rates to flatten by the third quarter of this year.

REASONS:

  • Decline in Foreclosures: The process is being streamlined and buyers are getting less trigger shy with snagging foreclosures up. 
  • Job Growth: Rising unemployment rates increase the confidence in the economic market as well as the housing market. This translated as more aggressive and determined buyers are looking to buy.
  • Better Access to Mortgages: Costco is even into the mortgage game!
  • Basic Supply/Demand: Buying is cheaper than renting. Listings are not staying on the market. Demand is spiking and the supply is dwindling. 

 ATHOMEINBOZEMAN
  

 

2 Comments on NOW: Time to Take Action If You Are Looking to Buy

MAY
04
2012
Outside Blog

Tim:

 

Couldn't agree with you more.  Here in Cape Coral, FL our inventory is so low that we are having trouble finding homes for the buyers that are seriously looking.
8:38am • #1
Outside Blog

Thanks Edie.  I love Sanibel and Captiva - one of my good friends lived in Cape Coral - love to visit the Mucky Duck and the Bubble Room - are they still around.  That was 23 years ago on my honeymoon.

Tim
9:05am • #2


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Tim Hart

Tim Hart

Bozeman, MT

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At Home In Bozeman

Address: 2101 Durston Suite #4, Bozeman, MT, 59718

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