Right Now, Home Buying is Amazingly Affordable
All the latest stats are showing that home buying may never get cheaper than it is right now! Check out what CNN Money recently reported on what real estate experts say is behind this incredible spring market:
Buying a home may never get any cheaper than this. Several housing experts are predicting that this year will be the last chance for bargain hunters to cash in on the best deals of the weak housing market.
With home prices down 34% nationally since 2006 and mortgage rates at historic lows, homes have never been more affordable — but it won’t stay this way for much longer.
Stuart Hoffman, chief economist for PNC Financial Services, said he expects home prices to flatten out by the third quarter and start climbing by next year.
A number of factors will help bolster the housing market, he said, including a decline in the number of foreclosures and continued job growth. In addition, homebuyers will have better access to mortgages as they get their finances in order and improve their credit scores.
Click here to continue reading the full article on CNN Money.
Head to briggsfreeman.com to learn more about how to take advantage of today’s incredible spring real estate market.
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