It's always nice to start off the day with some good news. That's why, when we at WaterFront Lifestyle Properties came across a really positive article this morning, we thought we'd share it with you!
According to the Realty Times, the outlook for the housing market is incredibly bright, and they have some numbers to back it up:
First, the article mentions sales of existing homes, a number which has been increasing for 4 months consecutively and saw a 7.2 percent jump from June to July. Nice! Next, the article examines new home sales, which jumped 10 percent, seeing the biggest positive monthly change in sales since February 2005.
While this is great news, it's not surprising -- all it takes is a look at home mortgage interest rates to know that now is the perfect time to buy. Realty Times calls interest rates "low and stable" at 5.2 percent for 30 year fixed rate loans and 4.6 percent for 15 year mortgages. Plus, in these last days for the homeowner tax credit, now's the time to act!
Check out the full article and let us know your opinion. Here's to good news - hope it keeps getting better!