Friday, April 01, 2005

Now is a GREAT time to buy!!

No April fools about it, Now is a great time to buy real esate!

When is not a good time to buy real estate? I would venture to say that there never is a bad time to buy real estate. In fact, long-term mortgage interest rates fell Tuesday, and the benchmark 10-year Treasury bond yield decreased to 4.58 percent. The real estate market is just starting to heat up again and with the decrease in mortgage rates it is a perfect time to make offers on real estate.

I also want to mention that the 30-year fixed-rate average slid to 5.65 percent, and the 15-year fixed-rate fell to 5.24 percent. The 1-year adjustable decreased slightly to 3.86 percent. I feel there are more buyers looking for homes which may start the multiple offer craze we saw last spring. The market is not going to take a downward turn any time soon. We all know or feel that housing prices are high, but homes are still moving on the market with no downturn in the near future. With the recent decrease in rates and homes with shorter days on market now is the best time to make an offer. What do you think? I would like to invite some discussion and comments about this.

Ryan Kerzner


At 4/04/2005 7:07 AM, Blogger Hope Goss, Realtor said...

"We might see the multiple offer craze we saw last year". Well, I think it's official. We are seeing the multiple offer craze right now!


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