Here is food for thought regarding the Traverse City, Michigan real estate market:
If you're still on the fence about buying a home, consider this:
Home prices are levelling off, and in the lower price ranges, it's no longer a buyer's market. The tax credits are going away after April 30th, and interest rates are poised to rise when the government stops buying mortgage backed securities.
So, I have to ask: what exactly are you waiting for? Of course everyone wants to buy at the very bottom of the market. Unfortunately, you never know when the market hits bottom until prices start to rise. And when (NOT IF) interest rates rise, your purchasing power will decrease. NOW is the time to buy: low housing prices, ridiculously low interest rates(5%), and free, easy money through tax credits. There's less than six weeks left before the credits go away. If you are thinking about buying real estate in Traverse City area, call me today, and let's get you off that fence!
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