Right now may actually be one of the best times to buy a home. consider these facts:
* INTEREST RATES NEAR RECORD LOWS
Today's interest rates are comparable to 40-year lows, offering homebuyers a once-in-a-lifetime opportunity.
*LARGE INVENTORY WON'T LAST
You may never have a better selection then now!
*PRICES OVERALL HAVE STABILIZED
Contracts for home sales are up and the outlook is for prices to increase next year.
*POSITIVE OUTLOOK
Former Federal Reserve Chair Alan Greenspan recently said that housing prospects are looking up. "Most of the negatives in housing are probably behind us. The forth quarter should be reasonably good, certainly better than the third quarter". According to industry estimates, 2006 will be the third best year on record for home sales.
*REAL ESTATE IS A GREAT INVESTMENT
Homeownership is a safe, secure way to build long-term wealth.The national median price of homes bought ten years ago has increased 88%. The number of US households is expected to increase 15% during the next decade, creating a continued high demand for housing.
*DON'T DELAY
Now is a great time to buy or sell a home. Please call Ruth Ann Ross or go http://www.cottageatthebeach.com/ where you can view all available listing on the Outer Banks.
* this information is from the National Association of Realtors
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