The Happening with the Real Estate Market?

When, when it comes to the Real Estate Market, the theme has been change.
Right now mortgage rates are historically low. Our interest rates have been hovering at the lower rate of 5% for almost a year now, and once again, change will be coming. The Federal Government very quietly have been warning the Realtors that the rates are artificially low, and the rates cannot be at this level for very much longer at all. As prices and the market start to stabilize, we believe the rates will increase. The expectation is that prices will not be affected by the interest rate increase. The market will remain tilted in favor of the buyer over the next year, but that power will gradually be reduced as conditions in the housing market improve.
So, can I say Now, is a Great Time to take advantage of the housing market by locking in your rate and home. Affordability is better than ever and you have a large inventory to choose from. Our current inventory, with the presence of short sales and foreclosures, will dry up, and then very slowly we hope to regain some of the equity we have previously lost in the 2007-2009 eras.
Change is in the air, higher interest rates, and a start to the stabilization of the market, both should force a buyer to wonder, when will the buyer's market be ending? I don't have a prediction, but experience tells me that the buyer's market will not be as strong as it has been.
Buyers Make your Move Now. Have you been on the sidelines waiting for prices to go lower before house shopping and bidding in earnest? Don't hold off much longer.
The market will remain tilted in favor of the buyer over the next year, but that power will gradually be reduced as conditions in the housing market improve. Keep a close eye on mortgage rates. If they rise sharply as the Fed's mortgage buyback program draws to a close, act quickly to lock in a low fixed rate.

Ulster County must pay $22 million to school districts to cover delinquent taxes - The Daily Freeman News: Serving the Hudson Valley since 1871(DailyFreeman.com)

Ulster County must pay $22 million to school districts to cover delinquent taxes - The Daily Freeman News: Serving the Hudson Valley since 1871(DailyFreeman.com)

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