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It’s a great time to buy or sell a home.
March 3rd, 2007 11:28 AM

Right now

may actually be

one of the best times

to buy a home. Consider

these facts:

Interest Rates Near Record Lows

Today’s interest rates are comparable to 40-year lows,

offering homebuyers a once-in-a-lifetime opportunity.

LARGE INVENTORY Won’t Last

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.

PRICES OVERALL HAVE STABILIZED

Contracts for home sales in August are up 4.3

percent1 and the outlook is for home prices to increase

next year.

Positive Outlook

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

Real Estate is a Great Investment

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


Posted by Paul Rege Owner Broker,Realtor on March 3rd, 2007 11:28 AMPost a Comment (0)

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