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Saturday, September 23, 2006

Don't Let Them Scare You

The newspaper probably hasn't told you this but have you seen the interest rates? They are back down to low 6 and high 5 percent range depending on your credit. There is currently a good selection of homes on the market for you to preview and is finally giving the buyers a chance to be selective and find the right home.
The president of the National Association of Realtors feels the media is feeding the buyers fears of purchasing homes. He mentioned the last time we experienced a market similar to this the job market was doing poorly as well as economy. Our current unemployment rate is very low and the economy is doing better. I also have noticed the gas prices coming down.
Another note able comment is many Realtors are saying they are glad were back to a "normal market" Which we are in, the thing that is different is we are adjusting back to that market after 5 years of never seen price increases which makes everyone think we are in a sinking market. For example the homes have come down slightly in price, but when compared to last year at this time home prices still increased but not in the double digits. I have a report I offer on my website that is updated monthly from the North County Association of Realtors about our local market. You will find the link by clicking here Click Here
Please feel free to call Jeff Justice to discuss what the rates are and what would be the best loan for you Jeff can be reached at 760 458-4673 for a no obligation consultation.
If I can assist in anyway please don't hesitate to call on me.


1 comment:

workhard said...

This is an informative post... will check out the link..

Idaho Real Estate