Interest rates and declining prices are combining to create among the most affordable opportunities in 30 years.
Only 5 months since 1970 have seen affordability levels higher. Combine that near record affordability with the $8000 tax credit for first time home buyers and it is time to rock! But with the tax credit expiring at the end of November and new regulations concerning appraisals and good faith estimates making 30 day closings a thing of the past, anyone wishing to take advantage of this great combination of circumstances needs to plan on being under contract by early October, mid-October at the latest.
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