Monday, October 17, 2011

Low rates/no loans

Mortgage rates are at historic lows, home availability is at historic highs. So why is the market not moving?
The answer is Banks are not lending. Either they are afraid of the market, or they know that they are about to dump millions of houses on the market.
The silver lining in this unhappy scenario? If you have good credit, a good score and you are serious about the responsibility of home ownership, you will find wonderful surprises at a very good price.
If you are an investor with cash, and you may know this already, you are "cashing in" on the wonderful finds in this market. Investors are picking up many homes because they know that the rental market will be very good and steady for the next five to ten years.
Call me.
698-5675

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