The clouds are coming and the warning signs are in place. Interest Rates will be moving up soon. The strategy of waiting for lower home prices could back fire because of higher interest rates.
If you feel comfortable about your employment situation (particularly if you work for the public) I would consider shopping now. Rates will be moving up. Perhaps a full percentage point by this time next year.
Happy New Year Everyone and I wish us well.
Yes there is some modest movement up. Based upon feed back from the public the perception is 'things' are getting better because the media continues to mis-handle the topic of real estate lending and/or the real estate market in general and unfortunately the public could wake up as early as the beginning of the second quarter 2010 to find out they missed a great opportunity.
I certainly could be wrong (I have been before) however there are some "technicals" that lead me to believe this.
Thank you for your response.
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