Now may be one of the best times to buy real estate for years!
According to Realty Times the stock market volatility is detracting attention from the real estate market which has started to make some noise! New mortgage applications for instance were up 12% last week and FHA loan applications up 15.3%. With first time buyers wanting to take advantage of the great low mortgage rates and bargain properties there is true demand for real estate right now.
Pending home sales higher than the previous year for the second month in a row coupled with Lawrence Yuan, Cheif Economist for the National Association of Realtors projecting a slow, steady, multi-year upward trend, with 5.02 million total sales this year, 5.3 million for 2009, and 5.6 million for 2010.
So why not consider a new home or an investment property now whilst buyers really have the upper hand?
If you are looking to purchase a property in New Albany Ohio or the surrounding area in Central Ohio such as Gahanna, Plain Township or New Albany itself, then please contact The Raines Group for professional Real Estate advice in the region. The Raines Group are more than happy to assist you in your real estate needs. Contact them today via their online contact form or by calling Sandy Raines on: 614-418-7417