FROM THE TODAY SHOW THIS MORNING!
95% of metro areas are expected to see increases in home prices this year.
Buyer’s should act quickly before rates go up. Interest rates may stay at this level but will likely begin to move up and this trend will be related to general recovery of the economy.
A good credit score is 760 and above will be needed to get best interest rates.
If it could fit your needs or your clients, it is best to buy a smaller home if you plan to stay in your home for 5 years or less. Smaller homes are in more demand now.
Sellers – price it right. 75% of sellers think their home is worth more than it is! Homes that are overpriced will grow stale and be slow to sell.