I’ve posted several times lately about the current real estate market, and why now is a good time to buy. I’ve been watching the news reports, and that seems to be the general consensus. I also talked about the market turning in another post. Unfortunately, there is still a lot of reluctance among folks to just jump in and get it done. A lot of this seems to be rooted in the fear that mortgage financing cannot be had. Folks, that’s simply not true.
Lenders are making loans every day. I’ll grant you that it might be harder to get a loan now than it was a few years ago, and even impossible for some, but the loans are still out there. I posted a while back about finding a good loan.
Right now, the mortgage rates available in the market are holding remarkably steady, and at a very good level. Nothing lasts forever, though, and with the economy showing signs of improving in general, there will be pressure on those rates to increase. Remember that it only takes a very small increase in rates to make a very big difference in how much house you can afford to buy. You can play with your numbers with my financial calculators. Go take a look at your situation, and figure out where your breaking point is, and where your future self will be looking back and saying, “Man, I wish I’d jumped in when the water was good!”
Let me know what’s going on with you, and how we can work together to get the real estate part of your life under control.
UPDATE 7/20/11: In the past month, I have posted five new listings on this site. Four of them are already under contract. Real estate IS moving.