Real Estate: It’s a Great Time to Buy!

It’s not news any more to see that the majority of the country is in a buyer’s market.  The low interest rates mixed with lower home prices and a large inventory all add up to create this reality.  It just makes it more valuable information to hear it from a true professional and someone in “the know”.

In a recent article at realtor.org the president of NAR, Charles McMillan stated what many people have been stating, it’s a good time to buy real estate.  “The typical buyer plans to stay in their home for 10 years, which is the correct approach in today’s market,” he said. “With historically low mortgage interest rates, flexible sellers, a large inventory, and homes that are selling for less than replacement construction costs in much of the country, buyers who’ve been on the fence should take a closer look at today’s market.”

With FHA assistance for first-time buyers, a possible $7,500 tax credit for home buyers, and more assistance in the works 2009 looks like it will be the year to buy real estate.  It certainly is a buyer’s market out there and people who are in a good position to buy should give real estate serious consideration.