2007 may be the best year ever for Real Estate! I already hear the groans so let me explain why I think so.
1) Mortgage rates are great at about 6% for a 30 year loan and it looks like they are stable. If you check the rates over the last 25 years it is hard to argue with this fact. 25 years ago rates were 18.62%!!
2) Home Sellers are willing to make a deal! Sellers in 2006 have been in denial but are now waking up to the fact that they must price their home right and be willing to pay closing costs to move their home!
3) The economy is good! Unemployment rates are down, GNP is up, and the wealth is unreal.
4)Buyers have been waiting on the sidelines but now realize they can get a good deal on a home! The truth is they are right.
5)There is a lot of inventory available for the buyers to purchase!
We feel like the above analysis is especially true in the Columbus GA Real Estate Market. We have had a lot of positive news in our area with the military expansion on Fort Benning, new businesses locating to our area, and the expansion of some key businesses in our area.
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