A Good Time to Buy a High-End Home

By
Real Estate Agent with Nesbitt Realty at Condo Alexandria 0225-089134

Some of the best housing deals are on high-end homes, many over $1 million. Some of them need TLC or they aren’t in the most-coveted locations. But there are plenty of desirable properties and lots of sellers who are getting impatient. Buyers with cash have the best opportunities. Buyers who need a mortgage should move especially quickly. With the Federal Reserve ending its purchases of mortgage securities this month, the mortgage market is likely to rise from its current low level. Even if prices fall further, the rising cost of borrowing could eliminate any savings. As Kenneth Rosen, chairman of the Fisher Center for Real Estate and Urban Economics at the University of California, says, this is a “very good time to be a buyer at the high end.”

Source: The Wall Street Journal, Nick Timiraos and James R. Hagerty (03/27/2010)

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
Home Buying

Spam prevention
Show All Comments
Rainmaker
2,043,347
Joe Jackson
Keller Williams Capital Partners Realty - Columbus, OH
Clintonville and Central Ohio Real Estate Expert

Many high and Sellers really wanted to sell their property in 2016 

Jan 17, 2016 11:00 PM #1
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
985,918

Will Nesbitt

Nesbitt Realty is a family-run brokerage.
Ask me a question
*
*
*
*
Spam prevention

Additional Information