Right now
may actually be
one of the best times
to buy a home. Consider
these facts:
Today’s interest rates are comparable to 40-year lows,
offering homebuyers a once-in-a-lifetime opportunity.
There are currently 3.75 million homes for sale.
We have had a record inventory of homes on the market
in recent months, offering consumers the greatest choice
in decades.
Contracts for home sales in August are up 4.3
percent1 and the outlook is for home prices to increase
next year.
Former Federal Reserve
Chair Alan Greenspan recently
said that housing prospects are looking
up. “Most of the negatives in housing are probably
behind us. The fourth quarter should be reasonably good,
certainly better than the third quarter.”2 According to
industry estimates, 2006 will be the third-best year on
record for home sales.3
Homeownership is a safe, secure way to build longterm
wealth. The national median price of homes bought
ten years ago has increased 88 percent.3 The number
of US households is expected to increase 15 percent
during the next decade, creating a continued high
demand for housing.4
Don ’t Delay
Now is a great time to buy or sell a home. Call 617-696-6100
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