The shaky economy has a lot of people quaking in their boots. This may be even more true for the first time home buyer.
What does the shaky economy mean for first time home buyers?
- It means that first-time home buyers can still take advantage of a real estate market that is in the buyer's favor.
- It means that first-time home buyers can still take advantage of low mortgage interest rates.
- It means that first-time home buyers can still take advantage of the $7,500 tax credit being offered by the Federal Government.
- It means that first-time home buyers can still take advantage of down payment assistance programs with less competition for the funds.
Purchasing a home in today's market is all in the first-time home buyer's favor. Purchasing a home in today's market is still a wise investment.
Today's headlines regarding the shaky economy has many first-time home buyers shaking in their boots. What does not seem to be making headlines today is the fact that nationwide the housing market is in recovery. Both home sales and mortgage loan applications are on the rise.
The nation has seen many severe recessions in the past, which tells us that the economy will recover. The nation has seen severe housing recessions in the past as well. Those real estate markets also recovered and home values rebounded.
Don't let the headlines regarding a shaky economy keep you from making a wise decision.