The Market is changing in Ellis County, Texas, catch the wave.
Latest News, it looks like the trend for growing inventory in Ellis County is coming to an end! While the inventory still remains high, homes are selling and new listing are coming on the market. While over 200 homes sold in June and July, there is about 200 new listings, so the market is active and poised for a change.
The new law passed this last week has raised FHA loan maximum and increased the minimum down from 3% up to 31/2% and first time home buyers (buyers who have not owned a home in the past 3 years) can get a $7500 tax credit (repayable over 15 years, which amounts to a low interest loan) but it could attract a lot of buyer from apartments and leased homes to purchase now!
If you are a seller this could be good news as the buyers market seems to be coming to an end soon.
If your a buyer, this means you may want to make a move now before the buyers market goes away and seller assisted down payments go away, bringing an end to 100% loans. Interest rates are still at an all time low, but potential future changes could bring that to an end with the falling fuel prices, and the election coming up.
It all amounts to good new, just check the timing, take action now before it all changes to much. Call Team Stanley, we can assist you with all your Real Estate needs! Visit our website www.elliscountymoves.com to search for your new dream home.
We deliver Top of the Line Service for Bottom line Results. You do not have to like the process but you want to love the results.
Comments(3)