Ok, it's starting already, just like January 2007 - BUYERS ARE OUT! We have had several showings this week on homes that have been listed for sale with no action in a month. We were looking forward to the holidays being over and anticipating pent up demand for homes. I just read an article that said home mortgage applications jumped 32% this week which is the largest increase in 4 years!
This is probably due to the drop in interest rates. The average interest rate on a 30 year fixed mortgage was 5.73% which is AMAZING.
Couple this with a drop in prices - in many areas we're back to 2004 pricing - and now is the time to snap up BARGAINS!
If you'd like to get an idea of how much house you can buy for the money, give me a call at 410-320-0242 and we'll hook you up with a local lender who can do some number crunching for you, based on your particular situation and give you an idea of how much house you can buy for your monthly mortgage budget.
Then we'll see what is available and GO SHOPPING!
Let Dave & Lisa Webber of RE/MAX Vision help you with all of your real estate needs, 410-451-1900.