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WHY I THINK HOME PRICES WILL RISE IN 2013

By
Real Estate Agent with Douglas Elliman Real Estate

 

Interest rates are amazing low!

Inventory for homes available for sale is way down!

The rule of economics, Supply and Demand.  Low prices, low interest rates combined with low inventory shows that Supply is low while demand is high! 

Congress didn’t allow us to fall off the fiscal cliff, the home mortgage deduction is still with us, so 2013 is a great year to buy a home!  Owning a home is still the American Dream that is achievable!  Did you know FHA mortgages still only require a 3.5% down payment? Conventional loans usually want a 10% down payment.

Bankrate.com shows these national average rates today ( January 8)

 

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Looking to sell or purchase a home in Central Suffolk County, New York?

Check out all the listings on our website:  www.tjplace.com

 

Toby & John T. Williams                      

Licensed Associate Real Estate Brokers

Certified Real Estate Appraiser

631-363-5434

 

www.tjplace.com            

info@tjplace.com

We are never too busy for your referrals! 

 

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