From the Desk of Mike Weiss:

This is the year to move if you are looking to buy a 5 to 20 year-old house anytime in the next 5 years!

Suddenly, 2011 looks like it could possibly be the last year to take advantage of the absolute rock-bottom interest rates that the public has been accustomed to over the past few years.  At the same time – the job market, the stock market, and consumer confidence is inching up as we rebound from the economic pummeling we have all taken over the last few years. Demand will be up for homes this year which means prices will slowly increase in addition to rates going up.

Today is the best day in the next prolonged while that the housing climate will be as attractive.  No, the home you are in is not what it was worth yesteryear, but if you were strategic you already refinanced and are paying one of the lowest rates in history to hold it.

The prices of many solid housing markets have firmed up, bottom established, and are still standing relatively tall.  If you are a potential first time home buyer, a young go-getter ready to move up, a baby-boomer couple ready to downsize, or even just looking for a change in your lifestyle: this year will be the best in terms of total dollars per month spent in relation to quality of house you will see for several years to come.

Appreciation will return. The cycle of the American housing market over the last 100 years shows that value and median price go up at a rate of about 4 percent each year.  Take advantage of sub 5 percent rates on a long term loan while it is out there, and grab that house while it is at the end of a price correction!

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