New Year, New President, New mortage rates!

By
Industry Observer

Wow! In sixty years home prices have never been so low.  For those of us who have been putting off getting our first home, wait no more!  Now is the time to check out your credit rating, call your local mortgage lending officer and see what you can afford.  Today you can get the home of your dreams at prices that havn't been available in our lifetime. 

Why buy now?  History proves that even during the great depression your property was the single greatest assest an indivisual could own.  No matter what the market, you have a solid investment, and as long as you make your payments and don't refinance out the equity....your going to increase your worth.  Lock in one of the super low interest rates today and be way ahead of your friends and neighbors because you took your time and bought when the buying was best!

Just a confirmation from CNN:

http://money.cnn.com/2009/02/12/real_estate/Latest_median_prices/index.htm

 

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Georgia Gwinnett County Sugar Hill
Tags:
buyers market
buy a home now
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Rainmaker
175,287
Richard Stabile
Re/Max Real Estate Limited - Oradell, NJ
Bergen County New Homes Builder Realtor

Dana,

Are you saying your at a 60 year low in home prices by you?

I don't think so.

Richard

Jan 10, 2009 12:50 AM #1
Rainmaker
100,761
Trey Affolter
Keller Williams Realty - Tacoma, WA
Brings HOME Results!

- interest rates sure makes it more appealing for home buyers & owners considering refinancing and should motivate them. In the article Time to Get Off the Fence and Into a Home, the same message comes in an atricle from NYTimes.com offered by Your Money. Another source with this message was from Smart Money, Time to refinance -- or buy a home? Good information to pass on to our buyers.

Best wishes for 2009!

Trey Affolter

http://www.treysellshouses.com

Jan 10, 2009 02:56 AM #2
Rainer
82,441
Morris Childs
PEP source - Spartanburg, SC

Welcome to Active Rain. It just gets easier after your first blog. Just write about what interests you. Give us a call or an email if we can be of service to you! Given enough time and money we can fix most anything!

Jan 10, 2009 03:57 AM #3
Rainer
62,204
Kevin Sandridge
Signature Home Funding - Winter Haven, FL
Winter Haven Mortgage Broker

 

Hey Dana, and Welcome to the Rain!

Kevin Sandridge, here. I joined the Active Rain community not too long ago myself and wanted to drop a line to share some of the good vibes and welcome wishes I have received already. 

You're so right about now being the time to buy homes - in nearly every market across the nation.  Especially given that new and increased mandatory loan fees associated even with "conventional" mortgages are going to kick in starting this Monday!  Folks should act quickly to get the benefit of low rates and minimized fees.

If you haven't signed on with Twitter.com, please do!  I'd be honored to have you as a follower there!  Click on the big Twitter logo to visit my page!


A Bit About Active Rain

I'm very excited about this community - basically because folks seem so willing to help out, provide industry insight, and share their good news and experiences!

When I started out on Active Rain, I felt a little overwhelmed.  I hope the following points and suggested sites will help bring you into the mix!  Just my way of saying that I'm glad you're here.

-------------------------------------------------------------------------------------------

One:  Be sure to include a good amount of information on your profile page.  Check out the profiles on other Realtor's sites here on Active Rain who are listed as "Featured" or "Tops" in their area (look for high point totals).  You'll find that this will seriously boost your presence on ActiveRain - via the added points. 

Two: I urge you to keep blogging on this site!  You will be AMAZED at the awesome feedback you receive very soon after they hit the network!  I use Google Reader to subscribe to blogs that provide me with ideas about what I'd like to comment on - both industry wise and just for fun!  Check it out I am more than willing to step you through the site and to help you get a few more blog posts generated if you wish - as a way of adding some value and paying forward some good networking vibes!  :)

Three: Be sure to add in a good number of posts about what you think and consider pertinent regarding your area of expertise!  You'll notice that many if not all of the Featured posting bloggers here on AR do this.

Lastly, I do quite a lot of work via social networks, email campaigns, and relationship building.  If I can ever be of any assistance, don't hesitate to ask.

Here are a few great sites to visit (some of my favorites).  If you like the information they provide, be sure to let them know I sent you!

Looking forward to what you'll share with us here on Active Rain!  :)

Blessings,

Kevin Sandridge
Winter Haven, FL

Jan 10, 2009 05:49 AM #4
Rainmaker
540,643
Sergio Rebollo Jr.
Real Estate TeamMates - Miami, FL

Dana.....Welcome to ActiveRain.  This is a great community to network with others as well a great place to learn from other's experiences and knowledge.  I've enjoyed it; I hope you enjoy it as well.

Sergio Rebollo Jr.
Exit Prime Realty
Coral Gables, FL  33134
305-582-4062

Miami Short Sale Specialist - Profile

Jan 10, 2009 10:27 PM #5
Ambassador
2,140,265
Todd Clark
eXp Realty LLC - Tigard, OR
Principle Broker Oregon

When buyers tell me stories of why they don't want to buy now, I tell them the story of my parents who bought in 1977 for $77,00 and they were the only ones that held their property when prices started to drop and interest rates started to rise in 1980.

Now their property is worth over $400,000, not bad for a property that had they sold in 1980, they couldn't have probably sold for more than $50,000.

Welcome to Activerain and happy selling in 2009!

Todd Clark, Helping Families Home - www.IFoundYourNewHome.com

Jan 11, 2009 04:50 AM #6
Rainer
80,304
David Painter
Keller Williams Realty - Spartanburg, SC

Good to have you on Active Rain.  This is a good site for gathering information and interesting to see what others are blogging about. Contact us if we can be of service to you. We would be happy to send you a referral or to take good care of any referral you would send to us.

Jan 11, 2009 05:15 AM #7
Rainer
263,372
Jean Terry
Keller Williams Realty Spartanburg, S.C. - Spartanburg, SC

Hi and welcome to Active Rain, a great site to netwrk, share, learn, and have fun. Good Luck.

Jan 11, 2009 06:33 AM #8
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