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February 03, 2008
Perfect Timing; the Housing Market Triple Thread and You

Sometimes real estate is even more than just location, location, location.

So, here we are. Mortgage rates are low and housing prices are either low or declining in most U.S. markets. On top of that, rents are going up. These three factors create a "housing market triple thread" and it is this very triple thread that is making now an ideal time to buy.

Investments are all about timing. Read more about the Housing Market Triple Thread to see why!

It all began with a slow market which pushed home prices down. Although prices were dropped, many consumers (potential buyers) adopted a wait and see attitude and opted to rent. The wait and see renters drove a pitch into the rental market and landlords took the opportunity to ratchet up rental rates. Then, at the end of January the Federal government made two aggressive interest rate cuts within eight days of each other.

The first cut was an unprecedented three-quarter point cut and was quickly followed by another half a point slash. This explains why mortgage application volume increased nationally by three percent during the week ending February 1, 2008, according to the group Mortgage Bankers Association's weekly applications survey.

It's a perfect storm for truly savvy buyers. The triple thread of low interest rates, low sale prices, and an inflated rental market make it a more than perfect time to buy.

Investments are all about timing. And the time to buy your dream home is now. Come to Jeffrey Place and be moved.

February 3, 2008 in In the News, Urban Living | Permalink

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