It’s good news for buyers, if you’ve been thinking of buying a home to live in, as the current meltdown is a big opportunity. This is according to a recent post on marketwatch.com.
“Real estate prices in the Case-Shiller 10-city index have now fallen by a stunning 30% from their 2005 peak. Nothing like it has been seen since the Great Depression–and, according to some sources, not then either. Obviously for anyone who bought a home at the peak of the market this has been a disaster. But for those thinking of buying a home now this is exceptionally good news.”
If you are really interested, I suggest reading the whole article.
If you are like me and want “just the facts”, home prices are cheap and interest rates are low. A perfect combination. If you stay away from the “hot spots” such as Boston and New York which may fall a little more, you should be OK.
Scott, your Northwest Indiana Mortgage and Loan Guy
PS. The new year is now less than 23 hours away (as I write this). Make it your resolution to not miss out on the FREE government money! Not sure if you qualify? Contact me at 219-695-0369 or email scott@nwiloanguy.com.
PPS. 102% financing still available. What do I need to do to push you off the fence?
