Buying a home or condo in todays market is one of the best investments you can make!
1. Prices on homes have dropped to the 2005 level.
2. Interest rates are the lowest they've been in 40 years! Back in 2000 interest rates were 8%. In 2006 interest rates were 6.5% and today in 2010 the interest rate is around 4.25%. Just to compare, back in 1980, interest rates were around 16.5%!
3. There is lots of inventory out there and it's a buyer's market.
4. Real Estate is cyclical. If youa re planning on living in your home for 3-5 years or more, most likely, your home will appreciate!
So what are you waiting for? If you have any real estate questions or you are a first time home buyer and want to know where to start, please feel free to give me a call or drop me a line. I will be happy to help.
Jodi
323-376-6545
